More than two years' worth of dividends are needed to plug the £4.7bn defined benefit (DB) pensions deficits for 23 FTSE 250 companies, JLT Employee Benefits research shows.
The consultancy's study - The FTSE 250 and their Pension Disclosures - found a further 12 companies would need to make payments worth up to two years' dividends, and another 56 could settle the deficit...
This week's edition of Professional Pensions is out now. Click here to read it.
Baillie Gifford and Montanaro are the first asset managers to sign up to a new transparency code to help the Local Government Pension Scheme (LGPS) get a better handle on investment costs.
Lloyds Bank has launched a joint legal bid with its pension trustees and unions to equalise guaranteed minimum pensions (GMPs) in a move which could cost the industry £20bn.
A quarter of retirees do not believe they have a large enough nest egg to fund their retirement, research has revealed.