PENSION funds moving into accounting surplus will force firms to set up contingent funding arrangements in a bid to avoid trapping cash in the scheme, Watson Wyatt says.
The pensions consultancy firm’s research revealed that the aggregate FTSE 100 deficit is now under £16bn – its lowest level for five years. But it said that this could cause problems with regards to surpluses...
This week's top stories include ITS' management buyout from Mercer, and The Pensions Regulator launching a probe into single-employer defined contribution schemes' default funds.
People retiring in the UK will on average outlive their pension savings by 10 years, according to research by the World Economic Forum (WEF).
Steps to improve auto-enrolment are uncontroversial and obvious, but the government is dawdling on introducing the necessary changes, argues Jack Jones.
Professional trustees will be expected to apply for accreditation as part of a framework intended to be launched on 1 July by the Professional Trustee Standards Working Group (PTSWG).