The total deficit of defined benefit (DB) schemes improved marginally, latest Pension Protection Fund (PPF) data reveals.
The lifeboat fund said the 5,794 DB schemes in the PPF 7800 Index had an aggregate deficit of £232.3bn on a section 179 basis at the end of May, down from £245.6bn at the end of April. Over the month...
DB scheme consolidator Stoneport hopes to get 100 schemes signed up by the end of next year, but employer covenant will be vital, chief executive Richard Jones tells James Phillips.
The outlook for future longevity in the UK has not necessarily worsened as a result of the coronavirus pandemic, Aon says.
Mitchells & Butlers has deferred £13m of deficit recovery contributions (DRCs) after tier four Covid restrictions wreaked havoc across the hospitality sector.
British Airways (BA) has deferred deficit recovery contributions (DRCs) totalling £450m following an agreement with trustees after a catastrophic year for the airline industry.
Jump from 554 in 2019