FTSE 350 final salary schemes 'will cease' by 2027
Cost pressures to blame
No FTSE 350 companies will retain a final salary pension scheme open to accrual by 2027, analysis by Hymans Robertson finds.
The cost pressures associated with running these defined benefit (DB) schemes will inevitably mean companies will give up on trying to keep up with growing liabilities. Currently, just 45% of FTSE 350...
More on Pensions
Adrian Boulding: Go against the pack and consider an annuity
Only one in ten opt for an annuity
DWP bans flat-fee AE charges on pots worth under £100
The Department for Work and Pensions (DWP) will ban the charging of flat fees on auto-enrolment (AE) pots valued at or below £100 and launch work on how to standardise cost and charges reporting.
Pension contributions drop 11% during first lockdown
‘Dramatic’ drop due to pandemic’s economic impact
L&G launches pension pot tracing and consolidation services
Unclaimed pots total £19.4bn
More news
Partner Insight: Five new retirement journeys ahead
For a long time, the road to retirement followed a familiar path. Individuals saved up for a pension during their working life in order to retire at a set age; usually around 65. This path has shifted, however.
What can Netflix hit Bridgerton teach us about financial planning?
Contains spoilers
Supreme Court 'substantially' rules in favour of business interruption claimants
Completes legal process
70% of UK financial services professionals 'not confident' their firm conducts ethical finance
Scepticism towards companies' commitments
Asset managers warn economy will get worse before it gets better
GDP falls 2.6% in November
