PPF figures reveal shortfall up £20bn to £256.6bn as DHL becomes latest firm to consult with staff on closing schemeFinal salary pension schemes could be consigned to history in just three years, experts have warned, as it emerged that the combined deficit of UK pension funds increased by £20bn in April to hit £256.6bn.A combination of increased life expectancy, poor fund performance and low gilt yields have made final salary schemes expensive to run, and the imminent introduction of a single flat-rate state pension will further add to the cost. Continue reading…
Source : theguardian.com
Read more…Warning over final salary schemes as combined pension fund deficit grows















