The UK's 5,588 defined benefit (DB) schemes had a combined surplus of £382bn at the end of June, according to First Actuarial's best estimate index (FABI).
Calculated using best estimate returns on their assets, the surplus had increased 0.8% from the end of May, while the funding ratio stayed the same at 131%. According to the First Actuarial, liabilities...
Senior clinicians within the NHS Pension Scheme will receive extra assistance to adjust their pension accrual to fit within tax allowances.
The Pensions Regulator (TPR) chief executive Charles Counsell has warned scheme trustees could see an increased demand for cash equivalent transfer values (CETVs) from defined benefit (DB) members.
Costly DB scheme regulations can result in abuses of equitable relations among stakeholders, say Iain Clacher and Con Keating.
Almost three-quarters of FTSE 100 defined benefit (DB) pension schemes were in surplus on an accounting basis as the coronavirus crisis hit, according to Lane Clark & Peacock (LCP).
The Local Government Pension Scheme (LGPS) cut its deficit by £31bn over the course of three years, its latest annual report shows.