The funding level of FTSE350 pension schemes tumbled to a four-year low of 83% after deficits grew by £4bn last month.
Mercer's Pensions Risk Survey showed the defined benefit (DB) pensions deficit across the 350 largest companies was £116bn in July, compared to £112bn in June. The deficit rose by £20bn between December...
Pension schemes have been “shoehorned” into valuing liabilities against gilts, creating a “herd mentality” that does not reflect scheme funding accurately, says PwC.
As over 1,000 DB schemes seek to agree a valuation amid the crisis, Hope William-Smith looks at the considerations.
Trustees should have the ability to pause suspected scam transfers, respondents agreed in a Professional Pensions poll.
Defined benefit (DB) scheme members with weaker employers face a 50% chance of a cut in benefits due to sponsor insolvency, according to Hymans Robertson.
Mercer has launched a defined benefit (DB) master trust in a bid to offer a “best-in-class solution” that recognises the shrinking universe.