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...
The secretary of state for work and pensions has told MPs clawback and avoidance measures could be imposed for the people responsible for driving Carillion over the cliff.
Occupational pension provision has continued to grow in value, but there remains large variance in incomes across the pensioner age group, according to latest government data.
Defined benefit (DB) schemes could have an aggregate surplus by 2021 under Pension Protection Fund (PPF) projections, its strategic plan for 2018 to 2021 reveals.
Investment consultants are failing to recommend products that outperform net of fees, the Competition and Markets Authority (CMA) has said as its investigation into the market continues.