UK - The Bank of England has restarted contributions of 10% into its £1.85bn pension fund after revealing a deficit of £205m.
The bank’s annual report showed that in the year ending February 28, investments in equities fell from £1.2bn to £958m mostly due to falls in equity markets.
The actuarial review in February last year showed the fund had a surplus of £145m.
The scheme has 14,369 active, deferred 4672 and 7543 pensioner members.
The 100 largest global pension funds are widely ignoring climate-related risks despite recent warnings by UN scientists, the Asset Owners Disclosure Project (AODP) says.
Premier Inn owner Whitbread has cut its defined benefit (DB) pension deficit to £162m ahead of its agreed £3.9bn sale of Costa Coffee to Coca-Cola.
Trends in longevity and mortality have proven difficult to forecast historically, but are vital to funding schemes and ensuring adequate retirement pots. James Phillips explores the key influences
The two-sided simplified annual pensions statement should be applauded, even if it missing information, says Jonathan Stapleton.