Total deficits of UK defined benefit (DB) schemes reached an all-time high of £341bn by the end of June amid uncertainty over Brexit, according to JLT Employee Benefits.
The combined deficit of UK defined benefit (DB) pension schemes has hit £900bn following Britain's historic decision to leave the EU.
The total shortfall of defined benefit (DB) schemes increased to £850bn last week as market volatility worsened in response to escalating Brexit fears, according to research.
Defined benefit schemes in the FTSE 100 increased their total bond allocation to a record £330bn by the end of 2015.
FTSE100 companies overall scheme deficits have reduced by over £15bn according to Barnett Waddingham's annual Accounting for Pension Costs by FTSE100 Companies report.
Total deficits of defined benefit (DB) schemes exceeded £300bn for the first time in May reaching record levels, according to JLT Employee Benefits.
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Redington has hired Jinesh Patel as vice president of its defined contribution (DC) and financial wellbeing consulting practice.
Bond allocations for defined benefit (DB) pension schemes in the FTSE 100 have soared from 49% to 59% of total assets in just six years.
Deficits in all private UK defined benefit (DB) schemes worsened in March amid low interest rates and a worsening economic outlook.
The Kingfisher Pension Scheme has undergone a £230m medically underwritten buy-in with Legal & General (L&G) in a landmark deal for the bulk annuity market.
Friends Life, now part of the Aviva group, has been appointed corporate pension provider for Rolls-Royce.
Total funding levels of defined benefit (DB) pension schemes have improved since January despite volatile markets and low interest rates, according to JLT Employee Benefits.
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The rate of defined benefit (DB) scheme closure among FTSE 100 companies is gathering pace, according to research by JLT Employee Benefits.
HSBC is to cut pension payments to its highest executives from next year as part of plans to bring its policy in line with other top FTSE companies, according to reports.
IFS Proshare head Gabbi Stopp has warned that employers with share schemes need to continue promoting the benefits of their plans.
Deficits in defined benefit (DB) schemes have deteriorated over the last 12 months due to low gilt yields and market volatility over the summer, according to JLT Employee Benefits.
Executives at blue chip companies had average employer contributions worth 34.1% of salary last year, according to the Trades Union Congress (TUC).
Roger Marshall has been put on the board and made a non-executive director by the Pension Insurance Corporation (PIC).
Better comms could ensure the £20bn spent on DB each year isn’t wasted
PP research finds the industry bullish
Defined benefit (DB) pension scheme trustees have been urged to consider the suitability of their funding plans after last week’s ‘Black Monday’ market shock.