Defined Benefit

UK - The total deficit in the pension schemes of FTSE100 firms fell to £64bn ($106bn) over the past three months, latest research from Pension Capital Strategies revealed.

Transport for London has asked the High Court to launch a judicial review into a £9m levy it was ordered to pay by the Pension Protection Fund.

The total deficit in the pension schemes of FTSE100 firms fell to £64bn over the past three months, latest research from Pension Capital Strategies reveals.

Last week the government launched a pilot programme to offer children as young as seven careers guidance.

Two-thirds of pension managers believe schemes need to play a more active role in investment governance.

UK - Nine-tenths of trustees and sponsors believe deficits will increase at their next valuation, latest Hewitt research revealed.

Nine-tenths of trustees and sponsors believe deficits will increase at their next valuation, latest Hewitt research reveals.

In his opening speech at the National Association of Pension Funds annual conference in Manchester, chairman Chris Hitchen told politicians they should stop blaming pension funds for the crisis.

The Pension Protection Fund admitted three more schemes last month, which will result in a further 1054 people receive compensation.

BAE Systems has paid £100m into its UK schemes over the third quarter in a bid to further reduce its pension deficit.