Buck's David Piltz says the industry was shaped by several developments in 2018, many of which will continue to influence the sector this year.
Despite an overwhelming transition away from defined benefit (DB) pensions to defined contribution (DC) schemes in recent years, a significant proportion of the UK's population still rely on DB pensions....
The industry has positive expectations for The Pensions Regulator’s (TPR) forthcoming funding code for defined benefit (DB) pension schemes, according to Aon.
Taylor Wimpey saw an actuarial loss on its defined benefit (DB) pension scheme of £8.9m in the year ending 31 December 2019, significantly lower than the £84.3m loss the year prior.
Life expectancy grew by less than a year for both men and women in the last ten years, with health inequalities widening at the same time, the Institute of Health Equality has concluded.
BAE Systems will make a one-off payment of £1bn into its pension scheme “in the coming months” to plug a £1.9bn hole.