The BT Pension Scheme shortfall shrank £1.5bn in Q4 last year, helped by a £1bn increase in asset values and a £525m deficit payment, according to its quarterly report.
The scheme's deficit fell from £5.2bn at the end of September to £3.7bn gross of tax at the end of 2010. Scheme assets were valued at up to £36.4bn at the end of December - an increase of £1.1bn from...
This week’s top stories included the launch of Punter Southall’s defined benefit scheme consolidator, while The Pensions Regulator laid down three ‘gateway principles’ for superfund transfers.
Escalating standards for sole trustees will become a norm for reputable firms, even if they are voluntary, says Nigel Hill.
Sole trustees will be expected to assess whether to report to The Pensions Regulator (TPR) if they are removed, or resign, from an appointment because of sponsor’s actions.
Overall mortality remains in line with pre-coronavirus trends despite a recent increase in Covid-19 related deaths, according to the Continuous Mortality Investigation (CMI).
Aon has been re-appointed by the £400m ITN Pension Scheme to provide fiduciary management services.