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.
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers