Mitchells and Butlers has agreed a ten-year recovery plan with trustees of its defined benefit (DB) scheme, after its latest triennial valuation revealed a £527m shortfall.
The pub chain, which operates the O'Neill's, Nicholson's and Toby Carvery brands, said would increase previously agreed contributions for the three years from 2013 from £40m to £45m. From April 2016...
The secretary of state for work and pensions has told MPs clawback and avoidance measures could be imposed for the people responsible for driving Carillion over the cliff.
Occupational pension provision has continued to grow in value, but there remains large variance in incomes across the pensioner age group, according to latest government data.
Defined benefit (DB) schemes could have an aggregate surplus by 2021 under Pension Protection Fund (PPF) projections, its strategic plan for 2018 to 2021 reveals.
Investment consultants are failing to recommend products that outperform net of fees, the Competition and Markets Authority (CMA) has said as its investigation into the market continues.