Using UK economic growth as a barometer for public sector pension payments is "absolute nonsense" which will continue to underestimate costs, John Ralfe says.
The industry has largely welcomed The Pensions Regulator's discussion paper on delivering good outcomes for defined contribution savers, but stressed that good governance must be a main focus rather than just a consideration.
Greater Manchester Pension Fund will increase employer contributions by 1.4 percentage points after its funding level dropped from 100% to 96.4% following its triennial valuation.
UK - Regulatory focus on plugging scheme deficits quickly is "unhelpful" and could actually damage businesses and pension funds, Hymans Robertson warns.
Regulatory focus on plugging scheme deficits quickly is "unhelpful" and could actually damage businesses and pension funds, Hymans Robertson warns.
Hymans Robertson has promoted seven members of staff from across its practices to partner.
Each month DC World asks readers for their views. This month we ask: The Investment Governance Group has published its guidelines. Are these to be welcomed and what difference do you think this will make to pension schemes?
Rothesay Life has bought a majority holding in Paternoster following a four-month sale process.
Laura Blows looks at the unique challenges for the LGPS within the public sector, the implications of the Hutton report for these schemes and the practicalities of potential reforms