UK - Another wave of quantitative easing proposed by Mervyn King could push up pension scheme liabilities and increases deficits after a period of relative calm, Aon warned.
Future retirees saw £17bn slashed from their defined contribution pension pot in January and February as stock market losses and tumbling annuity rates hit.
DC schemes are poised for a better 2010, but there are potholes ahead, as Sebastian Cheek reports
BMW has outsourced the administration of its UK defined benefit scheme to Aon Consulting.
Defined contribution default investment strategies are a "cop out" by trustees, an independent trustee firm says.
BSS is suing Aon Consulting over claims it overestimated the firm's defined benefit scheme net deficit by almost £17m.
The aggregate pensions accounting deficit for the 200 largest UK pension schemes has ballooned to £103bn - topping the £100bn for the first time ever, Aon Consulting's Aon200 index reveals.
UK - The aggregate pensions accounting deficit for the 200 largest UK pension schemes has ballooned to £103bn (US$166bn) - topping the £100bn mark for the first time ever, Aon Consulting's Aon200 index revealed.
The UK's combined defined contribution pension savings have rebounded by more than £103bn since this time last year, Aon Consulting says.
Scott Wilson Group has reported a tripling of its defined benefit scheme deficit over the past six months after declining corporate bond yield rates caused accounting valuations to soar.