The Bank of England's decision to hold interest rates at 0.5% has temporarily eased the pressure on pension schemes but poses dilemma for trustees, JLT Employee Benefits says
The industry has to be more flexible to make defined benefit (DB) schemes more sustainable during this time of economic uncertainty says Ros Altmann.
The triple lock on state pensions most likely to go due to Brexit according to PP research.
Total deficits of UK defined benefit (DB) schemes reached an all-time high of £341bn by the end of June amid uncertainty over Brexit, according to JLT Employee Benefits.
FTSE100 companies overall scheme deficits have reduced by over £15bn according to Barnett Waddingham's annual Accounting for Pension Costs by FTSE100 Companies report.
Majority of respondents urge against introducing mandatory time limit on recovery plans according to PP research.
In this week's Pensions Buzz we want to know if there should be a mandatory limit on recovery plans for DB schemes and how long for.
Fears of deflation have been exaggerated since the 2008 financial crisis according to former Bank of England (BoE) monetary policy committee member Andrew Sentance.
Deficits in all private UK defined benefit (DB) schemes worsened in March amid low interest rates and a worsening economic outlook.
There would be little to gain from Britain leaving the EU, according to a paper from BlackRock Investment Institute (BII).