UK - The aggregate deficit of 7800 defined benefit (DB) schemes monitored by the Pension Protection Fund increased by £58.5bn (US$85.1bn) in December.
The lifeboat fund said the shortfall soared from £136.0bn (US$197.8bn) at the end of November to £194.5bn (US$283bn) at the end of December. And it said overall scheme funding had deteriorated significantly...
UK - Government plans to cut a subsidy boosting the appeal of solar panel infrastructure investments could scupper scheme plans to use these investments as part of their liability matching strategies, fund managers say.
UK - Aegon is to close its defined benefit pension scheme to future accrual in March 2013 as part of its restructure and cost saving programme.
UK - The Pension Protection Fund has published its annual report - revealing a surplus of £678m ($1.1bn) at 31 March.
UK - Schemes looking to maximise returns in a low interest rate environment must work closely with investment banks to boost member outcomes, Barclays chief executive Bob Diamond says.
UK -More than 40% of firms have closed or are in the process of closing their defined benefit pension schemes, latest research from Aon Hewitt shows.