As deficits soared following the Bank of England's rate cut and stimulus package, the future for DB looks even more challenging. A major re-think is needed to avert a pensions crisis, writes Stephanie Baxter

Fund hurt by Brexit outcome

A transparency code for asset managers will soon be introduced in the Local Government Pension Scheme (LGPS) to improve and standardise the reporting of investment costs.

Defined benefit liabilities have risen by an eye-watering £70bn on the back of the Bank of England's (BoE) decision to cut interest rates and launch a new round of quantitative easing (QE).

The Bank of England's decision to cut interest rates for the first time in seven years will keep gilt yields lower for longer, increasing scheme deficits which are already at record highs.

Additional QE and bond purchases

This week we want to know whether the government should ditch the triple lock for state pensions and instead move to a double lock policy to potentially save £6bn a year.

City Noble has closed down following its launch 18 months ago, after the independent advisory firm struggled to get enough business, PP has learned.

The Pension Protection Fund's (PPF) compensation cap and restrictions on annual indexation increases could be at odds with EU law, according to a provisional judgement by the Court of Appeal.

The Pension Protection Fund has announced the changes it will consider making to the Experian insolvency model for the 2018/19 levy ahead of the formal consultation.