British Polythene Industries has agreed to top up the contributions to its pensions scheme from an asset-backed funding partnership after its latest triennial valuation.
The manufacturer's preliminary results for the year, published today, showed a deficit of £54m on an actuarial basis as at April 2011. On an IAS19 measure, the deficit rose by £5m over the year to stand...
The Pensions and Lifetime Savings Association (PLSA) has announced it will shrink its board by more than one-third as part of a governance overhaul to make it "agile and more appropriate".
Smaller FTSE 350 defined benefit (DB) schemes were nearly 15 percentage points less well-funded than larger schemes in 2017, according to a Goldman Sachs Asset Management (GSAM) analysis.
The advent of collective pension systems could help the UK avoid demographic challenges which will make it "impossible" for society to help savers in retirement, experts say.