Defined benefit schemes have become an endangered species in the private sector in recent years. But now, it seems, there is a chance the unthinkable might be about to happen and firms could start to reopen their final salary plans to new members.
Pension deficits have been tumbling due to interest rates rises, buoyant equity markets and prudent funding by sponsors with shortfalls at Britain’s biggest firms now standing at around £31bn – their lowest...
Most people think it is right that savers take responsibility to protect from pension scams.
More than 100,000 savers face being landed with huge tax bills following tiny uplifts to their pension, a Freedom of Information (FOI) reply has revealed.
Alan Pickering says politicians should have the freedom to redefine what is meant by 'absolute'