The good news is that schemes are generally in better shape in 2010, giving finance directors and pension scheme trustee boards an opportunity to take risk off the table. But in today’s environment of low interest rates, moving to a full buyout is unrealistically expensive for most schemes.
At the same time, the scrapping of the default retirement age is taking away one of the fundamental building blocks of final salary schemes. And FDs are getting to grips with a future that offers equal rights to fathers when it comes to parental leave – creating a potential bureaucratic tangle.
WANdisco's 'new' finance chief Erik Miller is named CFO - again - after an extraordinary few months for the AIM-listed big data business
Our latest in a daily series of interviews with FDs showcases EDM Group CFO Jimmy Eyerman, who is helping the document digitiser align with its increasingly tech-focused clients
Our latest in a daily series of interviews with FDs showcases Kajima Partnerships finance chief Nigel Chism, who is helping the property development business move forward despite political turmoil
Increase governance without stifling competitiveness; enforce already-in-place rules; were the key messages from the business community after the government released a green paper on governance