Trust is notoriously difficult to define but the erosion of trust is one of the few diagnoses of the crisis that few dispute .
Somehow, the idea has grown that we can "rebuild trust"; unfortunately, this is a fallacy. Trust oils the wheels of commerce and finance; it is an efficient solution to a wide range of problems. Simply...
In this week's Pensions Buzz survey, we want to know whether or not you agree with Lord Myners' opinion that asset owners, such as pension funds, are substantially to blame for short-termism in business.
A typical defined benefit (DB) scheme was able to meet 92.9% of its accrued pension rights as of 30 September, according to Legal & General Investment Management (LGIM).
The combined funding level decreased by just over four percentage points by the end of last month to 93.6%, according to the Pension Protection Fund's (PPF) latest update.