UK companies are putting aside £40bn in extra reserves to cover pension liabilities due to market uncertainty, a survey by KPMG reveals.
The consultant's Pensions Accounting Survey 2009 also found accounting proposals to stop allowing companies to include expected returns of pension fund assets in their annual profits would slash profits...
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