Pensions, savings and investments

The collective shortfall in the UK’s defined-benefit pension schemes has reached £242 billion.

Plans have been mooted to raise the amounts that employers pay to protect company pension funds during periods of economic growth in order to balance a fall in the sums they pay during bad times.

Savers who deposit large sums into their accounts could get a short-term increase in the level of protection guaranteed their money should the bank or building society get into difficulty.

Final salary pension schemes in the private sector were underfunded by £219 billion last month, new figures have revealed.

Too few people are taking advantage of the savings opportunities afforded by ISAs, it has been claimed.

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