Investment

Has had 'positive' dialogue with FCA

Trustees of pension schemes of all sizes are spending more time on their roles yet are on average being paid less, latest analysis from PwC has suggested.

The aggregate balance of the UK's defined benefit (DB) schemes improved by £6.2bn over July, according to the Pension Protection Fund's (PPF) 7800 Index.

A study by the Chartered Institute of Personnel and Development (CIPD) has revealed a 17% drop in pay for executives in the 100 largest listed companies.

Defined benefit (DB) transfer values remained fairly stable in July, falling by just £2,000 to £230,000 by the end of the month, according to Xafinity's monthly index.

The accounting deficit of FTSE 350 defined benefit (DB) schemes fell by £9bn over July on the back of lower long-term inflation expectations, according to Mercer's latest index.

Interest rates may increase faster in the future than financial markets have priced in, the Bank of England's (BoE) deputy governor has said.

Johnston Press has asked the trustees of its defined benefit (DB) plan to support a bid to overhaul the business due to pressure from heavy debts and declines in print sales.

The accounting position of FTSE 100 defined benefit (DB) schemes has worsened from a £12bn surplus to a £17bn deficit over the last 10 years despite mammoth contributions.

The transparency code set up in June for the £217bn Local Government Pension Scheme (LGPS) is quickly gaining traction among asset managers, with the total number of signatories reaching 12.