Deficits in FTSE350 pension schemes are at the lowest levels compared to the financial strength of their sponsors since before the last recession, according to PwC.

Trustees will have to get used to taking more responsibility for retired members

This week's research finds that most people in the industry think trustee responsibilities end when a member retires.

Respondents to PP research were divided over whether the Pension Protection Fund (PPF) had succeeded in keeping its annual levy stable and predictable.

Trustee boards should be subject to regular evaluation exercises, says the industry.

Less than a quarter of the industry thinks The Pensions Regulator (TPR) gives good value for money, according to PP research.

Most people in the pensions industry do not believe trustees have a fiduciary duty beyond the point a member retires, PP research finds.

Fuller Smith and Turner will close its final salary scheme to future accrual next year, the company has announced.

Kcom has transferred a £16m secured loan to an asset-backed contribution arrangement (ABC) set up to fund its scheme.

Sainsbury's has added two further properties with a value of £103m to a partnership set up to fund the J Sainsbury Pension Scheme.