THE gap between the amount of money pledged in pensions and the actual value of existing assets totals Â£440 billion, the Pensions Regulator has revealed.
Pension deficits of the UK’s top firms fell by almost half in 2006, according to figures out today.
Gold-plated public sector pensions cost every family an average of Â£900 a year, it emerged last night
THE pension deficit of Britain’s top 100 companies fell by record Â£20 billion over 2006, thanks mainly to rising stockmarkets and higher company contributions.
The combined pension deficits of the UK’s biggest companies fell dramatically in 2006 thanks to an improvement in equity markets and higher contributions
Poorly-run company pension schemes will feel the squeeze as the Pension Protection Fund seeks to raise Â£675m to cover compensation payments
COMPANIES will have to stump up a total of Â£675 million for the Pension Protection Fund (PPF) next year – more than double the sum that was expected to be collected this year.
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THIS new year will herald further advances in the buy-to-let boom as investors saving for retirement continue to shun traditional pension plans.
IN RESPONSE to industry pressure, the Treasury has clarified its position on Pension Term Assurance (PTA) business in the pipeline.