FTSE100 company pension schemes have a net deficit of £41bn compared to a £12bn surplus in July last year, Lane Clark & Peacock figures show.
The actuarial and consultancy firm’s 15th annual Accounting for Pensions report said it is the largest 12 month swing in FTSE100 funding levels since the introduction of modern pensions accounting methods...
Jonathan Stapleton asks whether newly-accredited professional trustees should be a statutory fixture on pension scheme boards.
Savers are being warned by the Insolvency Service to guard their pension pots from investment scammers and negligent trustees as it winds up 24 companies.
Respondents say they should only be required in certain situations as the system is not broken.