The combined deficit of defined benefit (DB) schemes increased by £45.5bn over February to £242bn according to the Pension Protection Fund's (PPF) latest update.
Over the month liabilities for the 5,794 schemes in the lifeboat fund's index increased by 5.4% to £1.8trn, which outpaced the growth of assets which rose by 3% to £1.5trn. It comes after DB schemes...
Schemes could be charged a £1.5bn bill to equalise past defined benefit (DB) scheme transfers after last year’s landmark GMP equalisation ruling, says Buck.
The financial impact on defined benefit (DB) schemes from the Covid-19 pandemic is “likely to be marginal”, and only in the event of continued substantial additional deaths for many years would there be a significant reduction in UK DB scheme liabilities,...
Luke Hartley looks at recent cases involving House of Fraser, Silentnight and Johnston Press
Defined benefit (DB) pension transfer values recovered by about a third last month after February’s sharp fall, according to figures from XPS Pensions Group.
Guidelines on what is and is not viewed as defined benefit (DB) trustees providing members with regulated advice need to be clearer, respondents to a Professional Pensions survey say.