Liabilities of defined benefit (DB) schemes have increased markedly according to the Pension Protection Fund's (PPF) 7800 Index.
The figures showed total liabilities hit £1,747bn by the end of June. This compares to £1,590.4bn in May. The funding ratio of 5,945 schemes also worsened from 81.5% to 78.0% by the end of June...
The industry has positive expectations for The Pensions Regulator’s (TPR) forthcoming funding code for defined benefit (DB) pension schemes, according to Aon.
Taylor Wimpey saw an actuarial loss on its defined benefit (DB) pension scheme of £8.9m in the year ending 31 December 2019, significantly lower than the £84.3m loss the year prior.
Life expectancy grew by less than a year for both men and women in the last ten years, with health inequalities widening at the same time, the Institute of Health Equality has concluded.
BAE Systems will make a one-off payment of £1bn into its pension scheme “in the coming months” to plug a £1.9bn hole.