Half of defined benefit schemes will be closed to future accrual by the end of the year as quantitative easing increases costs, a consultant predicts.
Aon Hewitt benefit design specialist James Patten said the Bank of England’s policy – the third round of which began last week raising fears over continued “scheme funding torture” (PP Online, 9 February)...
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