Defined benefit (DB) pension schemes must stay alive to heightening risks to funding from sponsor covenants, climate change and longevity experience, The Pensions Regulator (TPR) says.

Trustees have been warned to keep an eye on weakening employer covenants even after a positive aggregate funding experience in the last three years as myriad funding and investment issues pose risks to defined benefit (DB) schemes.

The £40m WR Swann & Co Limited Retirement Benefits Scheme has appointed Aon to provide fiduciary management services.

The revised defined benefit (DB) funding code is not likely to be live until late 2022, The Pensions Regulator (TPR) has said.

LifeSight Master Trust has onboarded 2,500 members and £125m in defined contribution (DC) scheme assets after taking on the pension provision for Ricardo.

The majority of sub-£250m schemes plan to achieve a buyout as their scheme’s endgame even if pricing opportunities are not necessarily in their favour, Mercer research finds.

Northern Trust has been appointed by Coal Pension Trustees Services to provide asset servicing solutions for two coal industry schemes.

Flat fees will be banned on pensions worth below £100 in a bid to end the erosion of small pots, the Department for Work and Pensions (DWP) has confirmed.

Pension transfers will be red flagged and blocked if savers have been approached via social media under stronger anti-scam plans set out by the government today.

The BT Pension Scheme (BTPS) slashed its deficit by £3.3bn in the three years between its 2017 and 2020 valuations, it announced today, remaining on track to meet a 2030 full funding target.