Governments in the UK, US and Canada are "significantly understating" the liabilities and annual running costs of public sector pensions, the British-North American Committee warns.
The business think-tank said in the UK public sector pension liabilities are £1.17trn - equating to about £20,000 for every person and equivalent to 85% of GDP. It said this was a percentage three times...
This week's top stories included Cardano announcing plans to acquire Now Pensions from a Dutch pension fund later this year.
Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.
Malcolm Mclean says getting the channels of communication right and engaging more openly is a good starting point