Rolls-Royce has cut its pension deficit in the UK to just £120m following the first phase of its plan to inject £500m into the schemes.
The firm’s interim results revealed it had contributed £132m into the UK pension schemes in the six months to June 30, cutting its deficit from £665m at the beginning of January to £120m, calculated on...
This week's edition of Professional Pensions is out now.
Laytons partner Jennie Kreser speaks of her concerns over pension outcomes.
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.