AEA Technology has seen its share price collapse to less than 0.04p after admitting that its pension deficit of more than £165m meant it was almost impossible to sell the business.
The consultancy, which was spun off from the Atomic Energy Authority in the mid-1990s, said it was holding "detailed discussions with the trustee with a view to addressing the significant deficit of the...
“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.