A recent investigation by Barnett Waddingham has uncovered significant inconsistency in the investment performance of UK with profit funds
Highly competitive insurer pricing compared to gilts is providing extremely attractive opportunities for schemes to remove both financial and longevity risks.
It has been a turbulent few years and our 7th annual report on the pension provision of the FTSE350 shows that 2016 was a particularly volatile year for the defined benefit (DB) pension schemes of the UK’s largest public companies.
Now two years into freedom and choice in DC retirement savings, for members of a DB scheme making the most of these flexibilities will involve transferring to a DC arrangement. We provide an update on the lay of the land.
The largest occupational pension schemes are an integral part of the UK economy. These schemes invest substantial amounts of capital in the wider economy and are responsible for the retirement wellbeing of a large proportion of the population. They also strongly influence the behaviour of smaller schemes, for example with respect to developing innovative methods of sponsor support and risk mitigation.
Our annual survey of FTSE100 pension disclosures shows deficit levels have not improved as anticipated. Despite significant contributions made by scheme sponsors and a decrease of £15bn in the deficit last year, the overall remained at around £20bn.
This survey looks at constituent companies of the Scandinavian OMX Share Index that have UK subsidiary companies that participate in DB pension schemes and covers 18 companies with an aggregate of around £5.9bn of UK pension liabilities between them.
This survey looks at constituent companies of the Spanish IBEX and Italian FTSE MIB share indices that have UK subsidiary companies with DB pension schemes and covers 13 Southern European companies with around £39bn of UK pension liabilities between them.
The workplace wellbeing index is based on an online survey carried out in early 2017. The survey received 145 usable responses from employers across all regions of the UK, providing benefits to more than 250,000 employees.
We began dealing with auto-enrolment (AE) in 2011, in preparation for large employers who needed to comply with the new laws. Since then, we have dealt with employers with thousands of employees, right down to employers with just a handful. This experience has helped us to understand the challenges faced by employers of all sizes preparing to meet their AE duties. This guide is intended to help you with some of the initial planning and preparation ahead of your staging date.