A report issued by pension consulting firm Aon Hewitt indicates that the average DBP is now 95.4 % funded, compared to 74 % last year. (aec-cea.ca)
«Pensions are purely optional right now,» says Fred Vettese, chief actuary at Morneau Shepell, which provides pension consulting services. (canadianbusiness.com)
John Ball, head of defined benefit pension consulting at Towers Watson — a global company that specialises in risk and financial management, estimates the cost of this policy to be # 2bn a year by the end of the next parliament. (channel4.com)