UK Report Finds £29,000 State Pension Gender Gap
Men receive an average of £153.86 a week, compared to £125.98 for women
Men receive an average of £153.86 a week, compared to £125.98 for women
Report says sponsors must be aware of three new kinds of risk.
The funded status of the 100 largest US defined benefit plans rises nearly 5% to 86%.
Report says pension cuts reduce the public sector’s ability to compete for new employees.
Despite the sharp rise, the aggregate deficit is down 29% from 2017.
Report finds pubic pensions are hunkering down as corporate pensions are winding down.
Report suggests states assume annual returns of 6.5% for the next decade.
Tracking portfolio reverses last year’s gains after surging in January.
Survey also finds 16% will opt out due to recent mandatory contribution increases.
Mandatory Provident Fund is down 0.26% for year despite strong January.
Liabilities of corporate defined benefit plans of S&P 1500 firms rise, as those of FTSE350 fall.
Report estimates top 50 defined benefit plans at 86% funded level.
Report also shows that the majority of employers are upholding auto-enrollment duties.
However, figure ‘masks the materially worse funding position likely to be reported.’
Surveyed investors prefer advice from human interaction versus AI, whereas tech is preferred as strategy tool.