Pension deficits at the UK's top 100 firms have ballooned 60% in the past year, carrying on a trend of spiralling funding gaps for schemes.
JLT Employee Benefit's (JLT EB) latest monthly report showed FTSE 100 scheme deficits were £85bn on an IAS 19 basis at the end of February. This compared to £53bn at the same time last year. This comes...
UK pension schemes are working hard to counter climate risks across investment portfolios, but the assessment of climate risks to sponsor covenant must be a key focus of schemes’ broader risk assessment, says Michael Bushnell.
Only one third of defined benefit (DB) schemes lengthened their recovery plan end dates in 2019, according to research by Hymans Robertson.
Hargreaves Lansdown has been named as the slowest provider to switch pensions through the Origo transfer service.
Regulatory guidance “could set too high a hurdle” for superfunds, Lane Clark and Peacock (LCP) warns.
Around one in 25 pension schemes have made use of regulatory easements to deficit recovery contribution (DRC) payment schedules, according to The Pensions Regulator (TPR).