The funding deficit in the BT pension scheme has grown by almost £3bn according to the latest summary funding statement.
Between 30 June 2014 and 30 June 2015 the funding shortfall increased from £7bn to nearly £10bn due to a fall in long-term interest rates which increased liabilities. This was despite positive investment...
Mitchells & Butlers has deferred £13m of deficit recovery contributions (DRCs) after tier four Covid restrictions wreaked havoc across the hospitality sector.
British Airways (BA) has deferred deficit recovery contributions (DRCs) totalling £450m following an agreement with trustees after a catastrophic year for the airline industry.
Jump from 554 in 2019
The Plumbing and Mechanical Services (UK) Industry Pension Scheme was 99% funded on a low-dependency basis, a valuation conducted amid economic turmoil has confirmed.
Professional Pensions rounds up some of the latest tender awards from across the industry.