herald

Wednesday 18 October 2017

More time on pensions

The funding proposal deadline for defined benefit pension schemes set by the Government in which pension funds had to set out how they will manage their losses has been deferred.

The new deadline has yet to be announced. IBEC Director General Danny McCoy said: "This deferral will allow schemes and their sponsoring employers a more realistic opportunity to find better long-term and viable funding arrangements."

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