The introduction of funding level triggers will become standard practice for pension schemes as part of de-risking strategies, Aon Hewitt says.
The consultant estimates that about 10% of schemes, across all sizes, have put them in place, mainly in the past two to three years. Principal and actuary Paul McGlone said: “We expect the prevalence...
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.