Engineering firm Babcock International Group has seen a six-month £212m spike in its defined benefit (DB) deficit despite using a higher discount rate, its half year report shows.
The company said its IAS19 deficit hit £382m at the end of September this year, up from £261m at the end of March. The deficit has been volatile over the last year. The end of September figure is only...
Only one third of defined benefit (DB) schemes lengthened their recovery plan end dates in 2019, according to research by Hymans Robertson.
Hargreaves Lansdown has been named as the slowest provider to switch pensions through the Origo transfer service.
Regulatory guidance “could set too high a hurdle” for superfunds, Lane Clark and Peacock (LCP) warns.
Around one in 25 pension schemes have made use of regulatory easements to deficit recovery contribution (DRC) payment schedules, according to The Pensions Regulator (TPR).
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the September 2020 estimates on the various measures…