CHEMICALS multi-national ICI has agreed to pump an extra £175m into its UK pension fund as a result of increased longevity.
The company said in its half year report that using the actuarial assumptions employed in the 2005 Triennial valuation, the interim funding deficit for the fund at March 31, this year, would have been...
Life expectancy in the UK saw no improvement between 2015 and 2017 as the number of people aged over 90 hit a record high, latest Office for National Statistics (ONS) data reveals.
Self-administered pension funds spent £14bn on payments to pensioners in Q2 2018, but only received £11.4bn of contributions (net of refunds), latest Office for National Statistics (ONS) data reveals.
The Pensions and Lifetime Savings Association (PLSA) has named the 17 members of its inaugural policy board after a competitive application process with 60 candidates.