The latest inflation figures could cut deficits by £10bn
The government should cap the rate of tax relief high earners can claim on pension contributions rather than introduce a flat rate across all income bands, says Hymans Robertson.
The government's proposed cap on redundancy payoffs in the public sector would require complex changes to the Local Government Pension Scheme (LGPS) regulations, the industry has warned.
LCP has expanded its defined contribution (DC) team by appointing Caroline McGowan as a senior consultant.
What China's slowdown means for UK schemes
The ‘Black Monday' stock market crash drove the value of defined benefit (DB) pension scheme deficits up by as much as £30bn in a single day, according to analysis.
The £900bn deficit in UK defined benefit (DB) schemes would require more than a year's salary from every person in the UK to fix, according to Hymans Robertson.
A proposed cap on redundancy payoffs in the public sector could limit early pension payments from the local government pension scheme (LGPS).
Industry figures have established a group to help trustees understand their responsibilities towards the security of member assets in defined contribution (DC) schemes.
The trustee boards of the BAE Systems Group Pensions Schemes (BAE Systems) have appointed Hymans Robertson to provide scheme actuary services across all of its pension schemes.