News

The cost of implementing the 0.75% charge cap has already overshot expectations from the Department for Work and Pensions (DWP).

LCP research finds employers are looking for different ways to plug deficits

A shift towards collective defined contribution (CDC) schemes is "unlikely" as the trend towards defined contribution (DC) plans continues, LCP says.

An increasing number of FTSE100 firms are seeking alternatives to straight cash funding, with 38 FTSE100 companies disclosing some form of security arrangements in their 2013 accounts, LCP research finds.

If all the FTSE100 companies still using the RPI inflation measure in their pension schemes were to move to using RPIJ, the combined pension deficit could fall by up to £20bn, LCP says.

The funding level of FTSE350 pension schemes tumbled to a four-year low of 83% after deficits grew by £4bn last month.

Enhanced annuity sales in the UK dropped by a third in the wake of this year's budget, which announced a major overhaul of the retirement process, according to research.

Proposals to restrict the use of dealing commissions to pay for investment research have been rebuffed by the Investment Management Association (IMA).

BBA Aviation has introduced an asset-backed funding scheme to replace deficit contributions to its UK defined benefit (DB) scheme, following the firm's sale of a subsidiary.

Just 5% of UK workers aged 65 and over are employed in small to medium sized businesses (SMEs) despite the abolition of the default retirement age in 2011, CIPD research reveals.