Investment

Defined benefit (DB) schemes at the UK's 100 largest listed companies had a £3bn accounting surplus at the end of July, according to JLT Employee Benefits.

Since January, The Pensions Regulator (TPR) has sent letters on 12 occasions to trustees about defined benefit (DB) transfer activity.

Centrica has announced the funding hole across its pension schemes fell by 97% to £29m at the end of June 2018.

Hermes Investment Management's head of fixed income Andrew Jackson has warned the Bank of England (BoE) could cut interest rates next year, with rates having a bigger impact now than ever before.

Coats Group has recorded a narrow defined benefit (DB) surplus of $1m (£0.8m) across its three UK schemes.

Almost two-thirds of FTSE 100 defined benefit (DB) pension schemes invest more than 50% of their assets in bonds, according to a report by JLT Employee Benefits.

UK headline dividends have declined for the first time since 2015, falling 2.1% in the second quarter of 2018, according to the latest quarterly dividend monitor from Link Asset Services.

Anne Richards, chief executive of M&G Investments, is to take up a role as chief executive of Fidelity International later this year.

The UK's 5,588 defined benefit (DB) schemes had a combined surplus of £382bn at the end of June, according to First Actuarial's best estimate index (FABI).

The Border to Coast Pensions Partnership is up and running after transferring around £7bn of UK and overseas developed equities from three of its stakeholder pension funds.