AMEC has seen its pension surplus halve as a falling discount contributed to actuarial losses of £71m for its UK scheme.
The engineering consultant revealed in its final results for the year, published today, that the surplus had dropped from £63m to £32m on an accounting basis over 2011. The firm said the actuarial losses...
“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.