Finance chiefs with defined benefit pension schemes in deficit are considering upping their contributions to their company's pension fund to reduce potential shortfalls, research suggests.
The study, carried out by Prudential, reveals 84% of finance directors at small and medium sized firms will be increasing their contributions over the next two years. Of these, it suggests 46% will be upping donations by 10%, with 25% upping them by between 21% and 30%. In addition, research suggests a fifth of finance directors are set to make changes to their overall investment policy. However, Prudential says those responsible for managing company pension funds should not be over-reliant upon cash contributions as the only way to fund pension schemes. Ted Clack, director of bulk annu...
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