UK companies are needlessly paying £5bn into defined benefit pension schemes because their funding targets are more than 10% higher than necessary, PwC research finds.
PwC said current methods of calculating the contributions needed to cover future pension payouts are dated, too blunt and do not reflect the way scheme assets are invested and the longer term gains expected....
The Pension Protection Fund (PPF) is consulting on proposals to charge a "risk reflective" levy for commercial defined benefit (DB) consolidation vehicles.
The funding gap across FTSE 350 schemes could be slashed by as much as £275bn if schemes look beyond traditional ways of creating value. Victoria Ticha examines how
There will be "many flavours" of defined benefit (DB) consolidators but consolidation will only be the right answer for a minority of schemes, Alan Rubenstein says.
Work and Pensions Committee (WPC) chairman Frank Field has questioned the regulator on what lessons it can learn from the experience of the Kodak Pension Plan No.2 (KPP2).