It’s imperative that those with a final salary pension look into options to mitigate risks to their retirement savings as the coronavirus pandemic adds to the burgeoning pension deficit threat.
Indeed, official stats from the Pension Protection Fund reveal the total deficit of Britain’s defined-benefit schemes rose to £135.9bn at the end of last month, up from £124.6bn recorded at the end of February.
The fallout from the COVID-19 pandemic has Read More
The closure of private sector pension schemes accelerated in 2012, says the National Association of Pension Funds. The closure of private sector pension schemes accelerated in 2012, says the National Association of Pension Funds. Read More
Chancellor George Osborne’s assertion that only 1 per cent of pension savers would be affected by his reduction to the maximum amount people can pay into a pension annually without tax is disingenuous to say the least. Chancellor George Osborne’s assertion that only 1 per cent of pension savers would be affected by his reduction to the maximum amount people can pay into a pension annually without tax is disingenuous to say the least. Read More
Following the publication earlier this week of Pricewaterhouse Coopers’ Pension Support Index, it seems that the corporate world might just be waking up to what we, at the deVere Group, have been saying about final salary pension schemes for quite a while: that the time has come to revise traditional thinking on investment strategies to cover pension obligations. Following the publication earlier this week of Pricewaterhouse Coopers’ Pension Support Index, it seems that the Read More