TITLE

Is the party over for pensions?

AUTHOR(S)
Higginbottom, Karen
PUB. DATE
August 2008
SOURCE
People Management;8/21/2008, Vol. 14 Issue 17, p12
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses the impact of Great Britain's economic slowdown on defined-benefit (DB) pension schemes. The combined schemes of the Financial Times Stock Exchange (FTSE) 100 companies reported a net pensions deficit of £41 billion in July 2008, according to actuarial firm Lane, Clark and Peacock (LCP). The Confederation of British Industry (CBI) says pension scheme deficits have become the top worry of companies. Charles Cotton of the Chartered Institute of Personnel and Development (CIPD) says employers have the right to be worried.
ACCESSION #
34214780

 

Related Articles

  • DWP to address auto-enrolment 'hybrid' loophole. Selby, Tom // Money Marketing (Online Edition);11/19/2012, p9 

    The article reports on consultancy firm Lane Clark and Peacock (LCP) LLP's opinion reforms could be delayed for 4 million workers under the existing legislation on enrolment in Great Britain. It is noted that an automatic-enrolment "loophole" which could see 3,000 employers with 4 million...

  • Untitled. Logan, Guy // Personnel Today;8/19/2008, p78 

    The article reports on the findings of the study conducted by consultant actuary Lane Clark & Peacock (LCP) in Great Britain. According to the 15th Annual Accounting for Pensions report based on the study of LCP, FTSE 100 companies' pension schemes decreased more than £50 billion in value...

  • EXPERT VIEW: Switching from contract to trust. Parker, Jarrod; Forbes, Alexander // Corporate Adviser;Sep2008, p23 

    The article focuses on the approach of Lane, Clark & Peacock LLP concerning the switch of client's workplace pension scheme from a trust-based to a contract-based defined contribution arrangement in Great Britain. Consultant Chris Clough states that the employer will need to educate employees...

  • British employers protest acceleration of pension reform. Ladbury, Adrian // Business Insurance;12/27/93, Vol. 27 Issue 54, p31 

    Reports on the mounting protest of the Confederation of British Industry against the government's changes in occupational pension system. Allegation that the Department of Social Security (DSS) is streamrolling reform of the system; Publication of `Pension Law Reform' document; Issues contained...

  • Pensions palaver.  // Employee Benefits;Mar2009, p58 

    The article focuses on the orders to close a defined benefit pension scheme in a British firm in a bid to save money amidst recession in 2009. Before pursuing such plan, the firm sought an advice from an expert to know the process to follow to make a change like that. However, in the end, a call...

  • Steve Webb builds Euro coalition to oppose Solvency II for pensions. Selby, Tom // Money Marketing (Online Edition);12/7/2011, p1 

    The article reports on the plans by British Pensions Minister Steve Webb to create a European countries coalition to oppose the implementation of Solvency II-style funding requirements for defined-benefit pension plans. It mentions that the Confederation of British Industry has already...

  • Automatic pension enrollment urged. Veysey, Sarah // Business Insurance;7/26/2004, Vol. 38 Issue 30, p13 

    A Great Britain-based employer group is urging companies to turn to automatic enrollment as a way to boost participation in pension plans, especially defined contribution and hybrid plans. That recommendation formed a key part of a group of pension-related proposals outlined by the London,...

  • Many in U.K. opt to keep DB plans open. Veysey, Sarah // Business Insurance;9/16/2002, Vol. 36 Issue 37, p21 

    Reports the result of the survey on the defined benefit pension plans of insurance companies in Great Britain. Number of companies involved in the survey; Conduction of the survey by the Confederation of British Industry organization and Mercer Human Resources Consulting company; Debate on the...

  • CBI: Huge PPF levy hike will hit small firms. Selby, Tom // Money Marketing (Online Edition);7/25/2012, p14 

    The article reports on the expected 25% increase in the Pension Protection Fund (PPF) levy in 2012 which will affect small businesses. Confederation of British Industry (CBI) director general John Cridland says that the 25% increase is simply not sustainable. However, CBI's pensions lifeboat...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics