Increased longevity has doubled the probable pension shortfall at international chemical giant ICI.
The firm – which is pumping an extra £175m into its UK ICI Pension Fund – said actuarial assumptions used in the 2005 triennial valuation, put the interim funding deficit at £350m in March, this year....
Pensions and financial inclusion minister Guy Opperman has launched a simplified two-page annual statement in a bid to provide a best practice template for the industry.
Some 70% of defined contribution (DC) members want to know their scheme is personalised and tailored to their needs, an Invesco language study reveals.
The Pensions Regulator (TPR) has seconded staff from other national watchdogs as it rolls out the master trust authorisation and supervision regime, Lesley Titcomb has revealed.
In the second edition of AE Watch, Maria Nazarova-Doyle looks at the performance of the UK's largest DC default funds.