FTSE100 pension schemes could face serious consequences for not locking in an aggregate deficit reduction of £54bn in the last eight months, a report warns.
The latest PensionsFirst Risk Report found that blue chip schemes have seen combined assets rise by £29m while liabilities have fallen by £25bn to leave a deficit of £80bn. But the report claims schemes...
The secretary of state for work and pensions has told MPs clawback and avoidance measures could be imposed for the people responsible for driving Carillion over the cliff.
Occupational pension provision has continued to grow in value, but there remains large variance in incomes across the pensioner age group, according to latest government data.
Defined benefit (DB) schemes could have an aggregate surplus by 2021 under Pension Protection Fund (PPF) projections, its strategic plan for 2018 to 2021 reveals.
Investment consultants are failing to recommend products that outperform net of fees, the Competition and Markets Authority (CMA) has said as its investigation into the market continues.