THE economic downturn has wiped around £61bn off the value of FTSE 350 pension schemes, a Mercer report reveals.
The consultant said funding levels of the biggest 350 listed UK firms had plunged from a surplus of £14bn at March 31 to a deficit of £47bn at June 30. It said the average funding level was now 90pc –...
Trustees lack expertise, time and resources to develop effective communications on technical pensions issues and need professional help, a major review of the British Steel saga has concluded.
In this week's Pensions Buzz, we want to know if you think trustees should consult directly with members before agreeing to a DB superfund buyout.
Thousands of savers taking tax-free lump sums ahead of retirement are at risk of a pensions shortfall in later life due to neglecting their remaining pot, Zurich has warned.
Professional Pensions is looking to update its list of pensions master trusts in the UK ahead of authorisation. Can you help?