Ford faces UK pensions hitch; Wealthier pensioners ‘may subsidise the poor'; BoE increases target level of reserves; Banking fears prompt huge fall for Dow Jones
Ford faces UK pensions hitch Financial Times Jaguar and Land Rover have an estimated pension deficit of more than £950m, meaning that Ford is likely to have to pay any buyer to take the British luxury...
The Pensions and Lifetime Savings Association (PLSA) has announced it will shrink its board by more than one-third as part of a governance overhaul to make it "agile and more appropriate".
Smaller FTSE 350 defined benefit (DB) schemes were nearly 15 percentage points less well-funded than larger schemes in 2017, according to a Goldman Sachs Asset Management (GSAM) analysis.
The advent of collective pension systems could help the UK avoid demographic challenges which will make it "impossible" for society to help savers in retirement, experts say.