The balance of schemes monitored by the Pension Protection Fund improved to a surplus of £46.1bn at the end of January, figures from the lifeboat fund reveal.
The 6,560 schemes in the PPF 7800 index had previously reported a surplus of £21.7bn at the end of December last year. The PPF said the funding ratio improved from 102.3% to 105%. Total assets were...
Defined benefit (DB) schemes are looking for alternatives to seeking additional cash contributions from sponsors to manage payouts in the wake of the Covid-19 market disruption, according to Willis Towers Watson (WTW).
The Pension Protection Fund (PPF) will look to appoint a new administrator to oversee an investigation into the collapse of Laura Ashley, according to reports.
Down again from March
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the April 2020 estimates on the various measures…
The Society of Pension Professionals (SPP) estimates only 5-10% of scheme sponsors will suspend or reduce contributions during the coronavirus pandemic while majority have no need to alter their payment schedules.