A nationwide strike at Tata Steel has been called off after the firm agreed to keep its scheme open in return for changes to benefits that will cut £1bn from its deficit.
Tata said the changes to the British Steel pension scheme (BSPS), which include a 1.75% cap on increases in pensionable pay, would have the same impact on the deficit as its original plan to close the...
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…
Philip Dickinson looks at the impact of Covid-19 on the transfer market and how schemes and advisers can support members.
The Pension Protection Fund (PPF) has an 83% probability of success for its target of being self-sufficient by 2030 as of March this year, a six percentage point drop from 2019.