Advised on the acquisition of a manufacturing conglomerate across multiple jurisdictions, including informing or consulting employee representatives, dealing with a substantial defined
benefit pension scheme deficit, and negotiating new service agreements for the board of directors
Not exact matches
The party's new policy expresses great concern that the current methods used to evaluate defined
benefit (ie final salary and career average)
pensions have been unable to cope with these unprecedented market conditions, and this, coupled with over-regulation on the part of the Pensions Regulator, had produced wildly volatile deficits which no - one could predict — wholly unsatisfactory for schemes that have to plan over half a
pensions have been unable to cope with these unprecedented market conditions, and this, coupled with over-regulation on the part of the
Pensions Regulator, had produced wildly volatile deficits which no - one could predict — wholly unsatisfactory for schemes that have to plan over half a
Pensions Regulator, had produced wildly volatile
deficits which no - one could predict — wholly unsatisfactory for
schemes that have to plan over half a century.
«
Pension scheme deficits also play a part: people currently at work not only have their salaries affected, but are also extremely unlikely to enjoy the same retirement
benefits as their colleagues who retired in the past, even when accounting for an increasing life - expectancy.
Generally, an employer's wider group, whether in the UK or otherwise, has no legal obligation to make good the
deficit in that employer's UK defined
benefits pension scheme.
Research by PricewaterhouseCoopers (PWC) has revealed that the funding
deficit for defined
benefit (DB)
pension schemes in the UK has fallen to # 200 billion.
The company required external investment but was hindered by
deficits owed to two
pension schemes, the MIRA Retirement
Benefits Scheme (MIRARBS) and the Universities Superannuation Scheme.
Barclays» defined
benefit pension scheme has some 230,000 members and a
deficit of approximately # 4.8 bn as at 30 September 2017.