Aon, the pension
consultancy, warned yesterday pension trustees are likely to demand £45bn a year
from UK companies for the next five years, after research showed final-salary
pension schemes faced a £225bn bill because plummeting asset prices were
fuelling existing pension deficits.
The consultancy firm is forecasting 2009 will be the bleakest year yet for
companies with shortfalls in their defined-benefit schemes. It urges the
Pensions Regulator to relax until the economic turmoil is over, the rules which
allow trustees to force companies to lift their contributions, to cover the
‘The last thing companies need at the moment is another cash call,’ Marcus
Hurd, Aon head of corporate solutions, said.
‘Cash is the very thing everybody is in short supply of. Just as employers
thought the economic news couldn’t get any worse, they are likely to be hit by
big bills to pay for their pension schemes. ’
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season
Baldwins Accountancy Group has continued investment in the north-east and appointed David Fish as a director in its corporate finance team