Plastic manufacturer Carclo has confirmed it has not paid its final dividend of the year due to its worsening pension deficit, after issuing a warning in August.
The final dividend at 1.95 pence per share was scheduled to be paid on 7 October but has been scrapped due to the burden of its defined benefit (DB) scheme deficit. During the summer Carclo warned depressed...
UK pension schemes are working hard to counter climate risks across investment portfolios, but the assessment of climate risks to sponsor covenant must be a key focus of schemes’ broader risk assessment, says Michael Bushnell.
Only one third of defined benefit (DB) schemes lengthened their recovery plan end dates in 2019, according to research by Hymans Robertson.
Hargreaves Lansdown has been named as the slowest provider to switch pensions through the Origo transfer service.
Regulatory guidance “could set too high a hurdle” for superfunds, Lane Clark and Peacock (LCP) warns.
Around one in 25 pension schemes have made use of regulatory easements to deficit recovery contribution (DRC) payment schedules, according to The Pensions Regulator (TPR).