Two thirds of employers believe that almost half their workforce will be unable to retire at State Retirement Age due to inadequate pension savings
Over 70 per cent of employers say that this will impact their ability to take on younger employees and graduates, while over a third say it will negatively impact on productivity
Hymans Robertson launch a radical new approach for DC pensions to help address this issue by actively supporting employees to achieve a target retirement income Posted on Monday May 20
•Pension scheme accounting deficits for FTSE350 companies were £108bn at 30 April 2013, corresponding to a funding ratio of assets over liabilities of 84%.
•Although the equity markets recovered quickly from the falls in early April, the fall in high quality corporate bond yields increased liability values to levels not seen since March 2007.
•Over the month pension deficits increased by £19bn (compared to a deficit of £89bn[1] at 31 March 2013). As at 31 December 2012 pension deficits stood at £72bn (corresponding to funding level of 88%). Posted on Monday May 13