One in five local government schemes operate with negative cash flows and future contribution reductions could push that figure to half, PP can reveal.
UK - The £3.3bn Merchant Navy Officers Pension Fund has appointed Hymans Robertson as independent investment adviser to monitor and challenge the actions of its fiduciary manager, Towers Watson.
The £3.3bn Merchant Navy Officers Pension Fund has appointed Hymans Robertson as independent investment adviser to monitor and challenge the actions of its fiduciary manager, Towers Watson.
The bundled provider market is facing a "capacity crunch" on the delivery of pension solutions for companies ahead of their auto-enrolment staging date, a consultant warns.
Two-thirds of FTSE350 firms use lower levels of inflation than the market to calculate pension accounts - shaving £7bn off deficits, a survey shows.
Michael Bow's take on Warks cash flow
UK - Scheme sponsors are increasingly transferring property to insurance companies in risk reduction deals as insurers develop innovative ways of taking on scheme liabilities, experts say.
Scheme sponsors are increasingly transferring property to insurance companies in risk reduction deals as insurers develop innovative ways of taking on scheme liabilities, experts say.
UK - Pension schemes are expected to shift a further £20bn ($32bn) of liabilities to insurance companies and banks over the next 18 months, according to Hymans Robertson.
Pension schemes are expected to shift a further £20bn of liabilities to insurance companies and banks over the next 18 months, according to Hymans Robertson.