BAE SYSTEMS will make a one-off contribution of nearly £1.1bn under a series of measures to tackle its £3.1bn pensions deficit.
It is also thought to be the first large UK company to link retirement age with life expectancy – a move that is expected to reduce its deficit by £166m. As an example, group finance director George Rose...
Premier Inn owner Whitbread has cut its defined benefit (DB) pension deficit to £162m ahead of its agreed £3.9bn sale of Costa Coffee to Coca-Cola.
Trends in longevity and mortality have proven difficult to forecast historically, but are vital to funding schemes and ensuring adequate retirement pots. James Phillips explores the key influences
The two-sided simplified annual pensions statement should be applauded, even if it missing information, says Jonathan Stapleton.
LGPS Central has appointed Hermes Equity Ownership Services (EOS) to run engagement and voting services for the investments of its nine local authority funds.