Mellon critical of Morris Review into pension schemes

The Human Resources & Investor Solutions business of Mellon believes this will in turn affect the productiveness of a continued non-State provision. Mellon also warned the review board to show caution in blaming one specific group for the current state of pension schemes, adding there are a number of reasons for the low funding levels, or why schemes have gone into wind-up as a result of insufficient assets. The firm believes pension schemes are ‘facing difficult times’ because of the current low inflationary economic climate, while also pointing to legislation and ill-fitting minimum...