TYRE maker Michelin is planning to close its final salary pension scheme to existing members after a sharp rise in its shortfall.
The firm said the deficit rose from £57m in 2002 to £260m last year despite making additional payments of £100m. Michelin plans to pay off its deficit over the next 10 years and said a £20m additional...
Guy Opperman has indicated his support for a fresh pensions commission as the government seeks to understand how to progress pensions policy in a wide range of areas.
Auto-enrolment (AE) minimum contribution rates could rise to 12% by 2030, with a 50/50 split between employer and employee, the Pensions and Lifetime Savings Association (PLSA) says.
ITM director Maurice Titley looks at the next steps schemes should take on GMP equalisation.
Schemes are too focused on outcomes when assessing governance, when this may be a result of circumstance not skill. James Phillips looks at whether governance needs more of a framework.