All defined benefit (DB) scheme sponsors are feeling the effects of the economic downturn. However, the charity sector is under particular pressure from the economic climate, its own demographic, the multi-employer DB regime and reform of the Local Government Pension Scheme (LGPS).
Under pressure Research from Carpenter Rees reveals that 70% of charities are concerned about their current deficit, and 57% have used their reserves to pay their liabilities. The survey of 100...
Potential changes to accounting standards and increased pressure on companies to accelerate contributions could worsen FTSE 100 scheme funding by up to £100bn, according to Lane Clark and Peacock (LCP).
Smart Pension has taken on over 20,000 active members from the £20m Corpad Master Trust, following a strategic review by the ceding firm's trustees.
The Universities Superannuation Scheme (USS) allegedly obstructed a whistleblower as she tried to discover the true value of the deficit in its defined benefit (DB) section, according to reports.
The Cost Transparency Initiative (CTI) has launched a number of templates and guidance to help pension schemes deliver greater value for savers with enhanced disclosure of transaction cost information.