The aggregate deficit of the UK's defined benefit (DB) schemes fell by £27.4bn during January, almost eliminating the growth seen in December.
The shortfall fell to £196.5bn while the funding ratio improved from 86.8% to 88.2% over the first month of 2017, according to the Pension Protection Fund's (PPF) 7800 index. Assets fell slightly over...
This week's top stories included analysis suggesting the British Steel Pension Scheme could have a £2bn surplus, while the Treasury removed its controversial MPAA cut from the Finance Bill.
Members of master trusts will see greater protection as new rules for an authorisation regime and capital adequacy have been signed into law.
Royal Mail has offered its employees a cash balance defined benefit (DB) scheme as a compromise for closing its current career average DB scheme to accrual.
The question of the state pension age will not be answered before the snap general election, the Department for Work and Pensions (DWP) has told PP.