The pension liabilities of the major high street banks are "significantly" greater than their equity market value, Pension Capital Strategies says.
Analysis from the firm said the extreme market conditions have caused both turmoil in the banking sector and resulted in a significant increase in the risks associated with the banks' own DB pension schemes....
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MPs failed to place legislation into the Financial Guidance and Claims bill that would have made pension guidance default, which Just Group director Stephen Lowe said left a "bitter taste".
Aegon has called for the government to double the tax exemption on employer-arranged pension advice, up from £500 to £1,000.
Institutional investor confidence in Europe rose by 8.9 points in April with each region showing growing appetite for risk, according to State Street Global Exchange.