{"id":5040,"date":"2013-05-14T18:29:11","date_gmt":"2013-05-14T11:29:11","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/warning-over-final-salary-schemes-as-combined-pension-fund-deficit-grows\/"},"modified":"2016-02-17T11:04:40","modified_gmt":"2016-02-17T04:04:40","slug":"warning-over-final-salary-schemes-as-combined-pension-fund-deficit-grows","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/warning-over-final-salary-schemes-as-combined-pension-fund-deficit-grows\/","title":{"rendered":"Warning over final salary schemes as combined pension fund deficit grows"},"content":{"rendered":"


\nPPF figures reveal shortfall up \u00a320bn to \u00a3256.6bn 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 \u00a320bn in April to hit \u00a3256.6bn.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…
\n
\nSource : theguardian.com
\nRead more…Warning over final salary schemes as combined pension fund deficit grows<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

PPF figures reveal shortfall up \u00a320bn to \u00a3256.6bn as DHL becomes latest firm to consult...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-5040","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-1ji","jetpack-related-posts":[{"id":39649,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/final-salary-pension-deficit-of-biggest-listed-firms-in-uk-hits-137bn\/","url_meta":{"origin":5040,"position":0},"title":"Final salary pension deficit of biggest listed firms in UK 'hits \u00a3137bn'","date":"January 5, 2017","format":false,"excerpt":"\r Consultancy says combined deficit has trebled from \u00a339bn in previous year despite stock market ending year on highThe combined final salary pension deficit of the UK\u2019s 350 largest listed companies more than trebled to reach \u00a3137bn in 2016, despite the stock market ending the year on a high, according\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":24573,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/defined-benefit-pension-fund-deficit-grows-by-100bn-in-a-month\/","url_meta":{"origin":5040,"position":1},"title":"Defined benefit pension fund deficit grows by \u00a3100bn in a month","date":"September 1, 2016","format":false,"excerpt":"\r Total combined deficit is now \u00a3710bn, according to a PwC report, with companies having to halt dividend payoutsThe combined deficit of the UK\u2019s 6,000 defined benefit pension funds has grown by \u00a3100bn in the last month, bringing the total deficit to \u00a3710bn, according to a new report.The research, by\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5328,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/widows-and-widowers-pensions-could-be-axed-under-new-proposals\/","url_meta":{"origin":5040,"position":2},"title":"Widows and widowers' pensions could be axed under new proposals","date":"November 10, 2013","format":false,"excerpt":"\r Pension for surviving spouse and inflation linking threatened under plan to make final salary schemes affordableWidows and widowers could lose their entitlement to payouts from their spouse's workplace pension under proposals outlined by the government to make final salary schemes more affordable for employers.Firms have been closing final salary\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":22775,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-scandalous-changes-to-company-pension-schemes\/","url_meta":{"origin":5040,"position":3},"title":"The scandalous changes to company pension schemes","date":"August 13, 2016","format":false,"excerpt":"\r Every time an employer closes a final salary scheme and moves workers to a \u2018defined contribution\u2019 one, it shifts all the risk onto themA man in his 40s receives a pension projection that tells him his retirement income is going to collapse from the \u00a338,000 he was expecting to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11488,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-pensions-system-has-failed-what-is-the-answer\/","url_meta":{"origin":5040,"position":4},"title":"The pensions system has failed \u2013 what is the answer?","date":"April 27, 2013","format":false,"excerpt":"\r Poor investment returns and dreadful annuity rates mean the outlook for defined contribution pension schemes is appallingTwo figures stunned me this week. The first was on Tuesday morning from the Office of National Statistics, which said that to buy an inflation-linked retirement income of \u00a325,000 a year \u2013 less\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":32349,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/size-of-deficit-in-defined-benefit-pension-schemes-drops-sharply-in-october\/","url_meta":{"origin":5040,"position":5},"title":"Size of deficit in defined benefit pension schemes drops sharply in October","date":"October 31, 2016","format":false,"excerpt":"\r Total deficit in UK\u2019s 6,000 defined benefit funds improves by \u00a360bn to \u00a3630bn, according to accountancy firm PwCThe size of the deficit in defined benefit pension schemes dropped sharply in October, according to a report on Monday.The total deficit in the UK\u2019s 6,000 defined benefit funds improved by \u00a360bn\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/5040"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=5040"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/5040\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=5040"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=5040"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=5040"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}