Carclo has announced it does not expect to pay any dividends until at least April 2018 as its pension deficit continues to drain its reserves.
The plastic manufacturer had previously cancelled its October 2016 dividend, valued at 1.95 pence per share, for the same reason and particularly blamed falling discount rates following the Brexit vote....
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.