The aggregate pension deficit of companies on the FTSE100 has hit £43bn, despite strong returns on assets and employer contributions of almost £22bn over the year, says LCP.
The consultant's Accounting for Pensions Report, published today, reveals the value of assets held by blue chip company schemes increased from £406bn to £447bn, helped by an 18% rise in equity markets....
Pension freedoms could generate as much as £1.9bn a year in tax revenue for the next 10 years, according to research by the Pensions Policy Institute (PPI).
The Pension Protection Fund (PPF) has conceded it does not have "all the data we need to calculate" the impact of last month's ruling that some benefits may be unlawful.
A looming court decision on gender equalisation of pension schemes could hit FTSE 100 profits by up to £15bn, Lane Clark and Peacock (LCP) says.
Dutch custodian KAS Bank has created a fintech solution to help schemes save on costs and improve transparency of currency hedging strategies.