The combined deficit of UK defined benefit (DB) pension schemes has hit £900bn following Britain's historic decision to leave the EU.
The data from Hymans Robertson shows how a fall in gilt yields today has increased the value of DB liabilities to £2.2trn. The total deficit rose from £820bn overnight, nearing the record £909bn that...
Although 2020 was a challenging year, Aon's Dave Barratt says the bulk annuity market was very resilient, with a well-functioning insurance market, large volumes of business written and 2020 finishing up as the second busiest year on record.
Professional Pensions rounds up some of the latest tender awards from across the industry.
The uncertainty surrounding the potential impact of so-called long Covid and behavioural changes heightens the need for schemes to increase their longevity hedging, says Prudential Financial.
Border to Coast Pensions Partnership has invested a further £540m in infrastructure as it continues to provide new investment opportunities for its 11 Local Government Pension Scheme (LGPS) partners.
BT, Ford and M&S schemes granted extension for legal challenge over government's decision to align RPI with CPIH
The trustees of the BT Pension Scheme, Ford Pension Schemes, and the Marks and Spencer Pension Scheme have been granted an extension to consider a legal challenge of the government’s actions following its decision to align the Retail Prices Index (RPI)...