Recent Updates

Scottish Independence May Hit Pensions

A House of Lords report will this week reveal that if Scotland does become independent after next year’s vote then the cost of providing state pensions north of the border will spiral!!

Scotland has a faster aging population than anywhere else in the UK the report claims and therefore will have serious funding implications for a Scottish Government meaning either huge tax rises or a...


Osborne has no choice but to curb pension benefits

An analysis of government data suggests that UK Chancellor George Osborne will not be able to achieve the goal of limiting welfare spending without cutting special benefits to pensioners.

Research by the Social Market Foundation has shown that the main expense in welfare spending in the next five years will be the growing number of elderly people entitled to a pension...


Pension deficits increase by £26 billion in March

According to JLT Pension Capital Strategies the Total deficit for all Uk Private Sector Defined Benefit Schemes increased to £143 billion as at 31 March 2013 which is an increase from £117 billion as at 28 February 2013, representing funding levels of 89% and 91% respectively. The continued increase in deficits will come as a surprise to many individuals especially considering that global...