Birmingham City Council has disclosed a defined benefit scheme deficit of £1.4bn in its latest set of accounts.
According to the report the local authority's pension liabilities stand at £4.1bn but assets, as of 31 March this year, were £2.7bn. However, the council said it had seen a reduction in the scheme deficit...
Most people think it is right that savers take responsibility to protect from pension scams.
More than 100,000 savers face being landed with huge tax bills following tiny uplifts to their pension, a Freedom of Information (FOI) reply has revealed.
Alan Pickering says politicians should have the freedom to redefine what is meant by 'absolute'