News Tag: pension schemes
January 13, 2010
Figures released by the Pension Protection Fund (PPF) revealed an improvement in the UK’s 7,400 defined benefit (DB) schemes in December, with the collective deficit falling to £33 billion in December from £92.5 billion the previous month.
The PPF said not only is this is an improvement on the month, it is significantly better than a year ago when the ...
PPF: DB pension scheme deficit falls in December
by Kay Murchie
January 4, 2010
Fears over the future of final salary pension schemes has reared its ugly head again after a report from the Association of Consulting Actuaries (ACA) revealed that nine out of 10 such schemes are now closed to new members.
The ACA, which questioned over 300 companies, found that employers continue to shy away from these high cost schemes with 87% of workplace final ...
Report reveals more pension woes
by Kay Murchie
August 20, 2009
Final salary pension schemes may not have breathed their last breath, but they are certainly on the throes of extinction, an industry expert has claimed.
Dr Ros Altmann, a former academic and independent expert on pensions policy and retirement, said when final salary pensions were first conceived, it was assumed they would be funded through equity returns.
These assumptions were fuelled by "exceptional" ...
Final salary pension schemes face extinction
by David Masters
May 8, 2008
According to actuarial consultancy, Lane Clark and Peacock (LCP), some of the UK's largest employers are likely to offload their pension schemes during the next 12 months.
LCP said the number of companies offloading their pension schemes to insurers has escalated over the last 6 months and the trend looks set to continue.
The pension buyout market in 2008 will exceed £10 ...
Large employers set to offload pension schemes
by Kay Murchie
