AMEC has seen its pension surplus halve as a falling discount contributed to actuarial losses of £71m for its UK scheme.
The engineering consultant revealed in its final results for the year, published today, that the surplus had dropped from £63m to £32m on an accounting basis over 2011. The firm said the actuarial losses...
This week's edition of Professional Pensions is out now
Collective defined contribution (CDC) schemes will need clear and transparent governance frameworks, as well as effective communication strategies, to be a success, the Work and Pensions Committee (WPC) has been told.
The aviation sector's constant evaluation of mistakes to improve safety should be applied to defined benefit schemes, as too many are making the same mistakes again and again, latest research shows.
A month of strikes are due to hit 64 universities from tomorrow over major reforms to the Universities Superannuation Scheme (USS).