UK - Rexam, the world's largest beverage can maker, has cut its global pension fund deficit by £51m to £332m.
The group’s first-half results to the end of June showed the fall reflected cash contributions of £12m into its defined benefit schemes worldwide - up from £8m in the first half of 2003 - as well as higher discount rates used to value liabilities.
Businesses are experiencing auto-enrolment data error rates of up to 50%, posing questions over the reliability of pension records, Pensionsync says.
A nationwide survey of committee and local pension board members of the Local Government Pension Scheme has revealed high levels of confidence in all areas of their responsibility.
UK inflation unexpectedly rose to 2.7% in August, beating analysts' expectations of a drop to 2.4% from 2.5% the previous month.