Opra advises sticking to final salary schemes

Apparent billion-pound UK occupation pension scheme deficits based on accounting standard FRS 17 calculations should not panic members into immediate transfers out, according to Opra. The occupational pension regulator said that while every scheme is specific and should be treated as so, the majority of members would likely be better off staying part of existing final salary schemes, providing the employer is certain to stay liquid and continues offering the plan on similar terms. That said, FRS 17 calculations by Credit Suisse First Boston (CSFB) show listed UK companies running final...