UK - The FSA said it is exercising greater control over its pension liabilities by taking into account the impact of future salary increases.
It made the comments in its 2002/03 annual report, and said it is making yearly top-up contributions into the scheme starting with £2.5m in 2003/04.
The final salary scheme had an FRS17 deficit of £102m on March 31, 2003, but the FSA said it believes that the “real deficit” is closer to £50m.
The PPI has unveiled a policy paper outlining current considerations and policy debates relevant to DC scheme default strategies. Kim Kaveh explores some of its views.
The £30bn local government pension pool has appointed Quoniam and Robeco to manage an active equity portfolio worth around £400m.
The volume of insured buyouts from FTSE 100 defined benefit (DB) schemes could increase from £5bn to £300bn by 2029, according to Lane Clark & Peacock (LCP).