Total deficits of defined benefit (DB) schemes in the Pension Protection Fund's (PPF) 7800 index fell 17% in April.
Top stories this week include concern over proposals to force schemes to sign the Stewardship Code, the end of a six-and-a-half year legal wrangle, and four escalating fines from TPR.
Lehman Brothers Pension Scheme has secured a £675m buyout with Rothesay Life, ensuring that all members will get their pensions in full, six and a half years after its sponsor went bust.
The Eleco pension scheme is close to being taken into the Pension Protection Fund (PPF) following a major restructuring of the company.
Guy Freeman says rising rates could be the silver lining for companies with defined benefit schemes
Renold's defined benefit (DB) pension scheme has entered a buy-in to fully de-risk around 25% of its UK pensioner liabilities.
Tesco has agreed to pay £270m in cash each year to plug the £3.9bn deficit of its defined benefit (DB) pension scheme.
Pension deficits of UK companies have risen by £107bn since March 2014, according to research.
A shipping firm has completed a £23m medically underwritten buy-in with Partnership to insure the benefits of approximately 140 members.
The cost of insuring a UK defined benefit (DB) scheme has risen in the past year as prices fell in other markets, according to Mercer.