UK - The London Pension Fund Authority has a net FRS17 deficit of nearly £250m on the funds it administers, its annual report for the year to the end of March reveals.
It says the deficit on the £2.8bn administering authority will be entirely recoverable from levies on London borough councils and other bodies.
Hymans Robertson is the actuary for the fund which had an actuarial funding level of 101% at the end of March.
The secretary of state for work and pensions has told MPs clawback and avoidance measures could be imposed for the people responsible for driving Carillion over the cliff.
Occupational pension provision has continued to grow in value, but there remains large variance in incomes across the pensioner age group, according to latest government data.
Defined benefit (DB) schemes could have an aggregate surplus by 2021 under Pension Protection Fund (PPF) projections, its strategic plan for 2018 to 2021 reveals.
Investment consultants are failing to recommend products that outperform net of fees, the Competition and Markets Authority (CMA) has said as its investigation into the market continues.