US companies that switched from defined benefit to defined contribution pension plans are gradually increasing contribution rates, Watson Wyatt says.
Research also reveals that over the past 10 years 40pc of US firms have switched from DB to DC plans for new employees. The Watson Wyatt Worldwide survey of 300 large US employers also found more than...
The Pensions Regulator (TPR) is focusing on reducing the number of "poorly-run" schemes as it seeks to improve standards across the board.
Prudential Retirement has completed around $2.6bn (£2bn) of reinsurance contracts for UK pension scheme longevity risk since the start of the year, it has disclosed.
Funding standards for DB schemes have increased exponentially over the past decades. Con Keating says such significant overstatement of liabilities will lead to pushback through the courts.
PP has compiled a list of what to watch out for over the coming months.