Retirement solutions should have the flexibility to provide both decent pensions and meet long-term care costs if necessary, the Association of Consulting Actuaries says.
There has been a "marked decline" in provision for ongoing defined benefit(DB) pension schemes run by FTSE 100 companies, a report from Pension Capital Strategies says.
Prudential is expected to palm off part of the cost of its aborted £24bn bid for Asian rival AIA on to the UK taxpayer.
The total deficit and funding positions of the UK's defined benefit (DB) pension schemes worsened in May, according to the Pension Protection Fund (PPF).
Aviva has confirmed plans to close both the Aviva and RAC final salary schemes to future accruals.
UK pension funds recorded their highest returns for four years in 2009 - a year which also saw FTSE 100 companies rocked by record deficits.
UK banks are among a number of top European companies to massively underestimate their pension deficits, according to AlphaValue Research.
The decision to measure pension deficits under Financial Reporting Standard 17 could be driving companies and trustees into a more conservative investment strategy which could prove costly in the long term, claims the Association of British Insurers....
Final salary pension deficits of the UK's top 100 companies fell by £37bn in 2006 because of increased stock market returns.
Leading insurers say government proposals for a national pension saving scheme are "flawed" and could lead to widespread mis-selling of retirement plans to low-income workers, says the Guardian.