Cookson has increased its UK pensions surplus as an ongoing enhanced transfer value exercise and inflation index switch boosted funding levels by more than £13m.
The material science firm's full year results, published today, revealed an IAS19 surplus of £65.6m as at the end of December - up from £20.6m six months earlier. The company said this was as a result...
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.