Lloyds Banking Group (LBG) has seen its defined benefit (DB) schemes move to surplus after substantial asset gains in the first half on 2013, its interim results show.
The Bank of England (BoE) has held interest rates for the 53rd consecutive month and opted not to increase the size of its £375bn quantiative easing (QE) programme.
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Sponsoring employers who use spare cash to reduce scheme deficits could see a huge hike in their scheme's Pensions Protection Fund (PPF) levy as a result, warn consultants.
DHL is proposing to close its final salary pension scheme at the end of the year and has yet to guarantee the future of its highest contribution defined contribution (DC) offering.