The surprise decision not to change how the Retail Price Index inflation measure is calculated could have added up to £20bn to the pension deficits of the UK's leading 350 companies, Mercer claimed yesterday.
The stock market gains resulting from this weeks fiscal cliff deal came too late to improve defined benefit pension scheme funding positions in companys annual accounts but show how market volatility can present opportunities for schemes, Towers Watson said yesterday.
Pension scheme investment managers expect the advent of pensions auto-enrolment to lead to the adoption of more risk-averse investment strategies, according to research published this week by Baring Asset Management.
Cuts to pension tax relief allowances announced in yesterdays Autumn Statement could work against government efforts to encourage more people to save for their retirement, industry figures and business leaders have warned.
A £2bn scheme aimed at enabling UK pension funds to invest in infrastructure projects has secured the critical mass of founding investors it needs to move towards a formal launch in the first half of 2013.