Defined benefit (DB) schemes in the UK pay considerably more to offload liabilities to an insurer than schemes in other countries, according to research from Mercer.
The consultant's Global pension buyout index found UK schemes were paying 23% above the accounting value of liabilities to insure them. This compares poorly with the other four countries in the research...
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