Rising longevity poses a much greater threat to companies with defined benefit (DB) pension schemes than low interest rates, Fitch Ratings has warned.
What China's slowdown means for UK schemes
Employers could have to pay up to 10% more to buy out pension schemes after Solvency II regulations for insurers come in next year, says PwC.
Schemes could be subject to CVA charge for period of weeks or months
Pensions Buzz: sponsors can't push trustees around
Universities Superannuation Scheme (USS) has seen its funding deficit increase by £2.4bn in its latest triennial valuation as low gilt yields pushed up its liabilities.
The amount of tax the government has collected from people breaching the lifetime pension allowance (LTA) has risen by 276% since George Osborne became Chancellor.
The Pensions Regulator (TPR) has told defined benefit trustees to assess employer covenants as part of their triennial valuations, and monitor employer support regularly.
Blue chips have halved deficit payments since 2012
Deficits in defined benefit (DB) schemes were pushed up by falling gilt yields in July, according to official figures.