LEADING fund manager Hermes Pension Management - the asset management arm of the BT Pension Scheme - has revealed a £16.6m blackhole in its final salary pension scheme.
The Hermes Group Pension Scheme, which has around 500 members, pensioners and deferreds, says a change in the discount rate (down to 4.75pc from 5.3pc) caused by falling bond yields is to blame for the...
The 100 largest global pension funds are widely ignoring climate-related risks despite recent warnings by UN scientists, the Asset Owners Disclosure Project (AODP) says.
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.