XPS says DB funding improved by £20bn in February driven by 0.2% rise in long term gilts
Poll comes as 500,000 people still contributing to private sector schemes
PSC will allow entry to schemes in deficit and be legally separate from other PPF funds
Surplus options and public sector consolidator causing some schemes to re-evaluate strategy
XPS finds typical value of DB transfer fell to £158,000, reversing trend of consecutive rises
Move comes after Court of Session confirmed asset manager’s right to any surplus
EY-Parthenon research finds credit tightening cited as key reason for profit warnings
PACE aims to optimise schemes’ decision making process when it comes to buyout
Consolidation will add over 3,500 new members to TPT master trust
Revised regs are welcome but much now depends on TPR’s final code and strategy requirements