Regulator Warning on Pension Funding Gaps
The first report of the Pensions Regulator says between 150 and 300 funds are at risk
1st May 2006
The Pensions Regulator has warned that occupational pensions schemes may have a collective deficit of between £300bn and £400bn, with up to 300 individual funds being 'at risk' and warranting further investigation.
These individual funds are said to be suffering from:
- Large deficits
- Company solvency worries
- or Poorly performing trustees
The warnings came in the Regulator's first strategy report, and said that it had found that standards of governance in many schemes was poor, particularly in smaller ones, and that its priority over the next few years was to increase performance by requiring proper training for trustees, and ensuring employers fund the schemes properly.
|
More on Pension Fund Deficits : Turner and Newall Pension Rescue (News, 11/07/2006), HBOS to Plug Pension Deficit (News, 07/12/2005), Royal Sun Alliance Switches Pension Scheme (News, 29/07/2005), Marconi Pensions Black Hole Threatens Company (News, 02/05/2005), Help for Pension Fund Wind-up Victims (News, 23/02/2005), See all 12 Pension Fund Deficits stories >>> |
Home - Investment - Pensions
