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....
The British Medical Association (BMA) has warned chancellor Philip Hammond to reform the NHS pension scheme rules or doctors will reduce their working hours.
The lifetime allowance should be scrapped and replaced with a lower annual allowance, last week's Pensions Buzz respondents said.
Action for Children Pension Fund has outsourced its pensions administration to Trafalgar House.