UK - Pension deficits have dropped to just over £300bn ($464bn) as a fall in the price inflation outlook shaved £50bn off scheme liabilities in a month, according to Xafinity.
The consultant's UK Pension Scheme model estimated that total liabilities had fallen to £1.28trn with total assets at £975bn - leaving a total deficit of £305bn. This time last month Xafinity estimated...
“Mounting red flags of financial stress” have meant almost two-thirds of listed companies with defined benefit (DB) schemes have issued profit warnings this year, EY says.
With rumours once again swirling around the future of pensions tax relief in the run up to this year's Budget, any reduced incentive for long-term savers could risk further exacerbating the generational divide in pensions, says Tom Selby
Trustees are set to have an increased duty of care to ensure employees and members make informed choices when accessing their pension, according to Wealth At Work.
The Family Building Society’s 250-member defined benefit (DB) scheme has transferred into TPT Retirement Solutions’ master trust, DB Complete.