Friends Provident is closing its final salary pension scheme to new members and setting up a money purchase plan from July next year.
And the insurer said contribution rates for existing members would rise from 3pc to 7pc a year by 2010 if they wanted to retain a retirement age of 60. Existing members who do want to pay increased...
The 100 largest global pension funds are widely ignoring climate-related risks despite recent warnings by UN scientists, the Asset Owners Disclosure Project (AODP) says.
Premier Inn owner Whitbread has cut its defined benefit (DB) pension deficit to £162m ahead of its agreed £3.9bn sale of Costa Coffee to Coca-Cola.
Trends in longevity and mortality have proven difficult to forecast historically, but are vital to funding schemes and ensuring adequate retirement pots. James Phillips explores the key influences
The two-sided simplified annual pensions statement should be applauded, even if it missing information, says Jonathan Stapleton.