The funding deficit of Saga's defined benefit (DB) scheme grew by £28.8m over the six months to 31 July on the back of bond yield falls.
Saga Pension Scheme, which is open to new members and future accrual, recorded a deficit of £47.6m on an IAS 19 accounting basis at the end of July, according to the firm's interim report. The present...
UK pension schemes are working hard to counter climate risks across investment portfolios, but the assessment of climate risks to sponsor covenant must be a key focus of schemes’ broader risk assessment, says Michael Bushnell.
Only one third of defined benefit (DB) schemes lengthened their recovery plan end dates in 2019, according to research by Hymans Robertson.
Hargreaves Lansdown has been named as the slowest provider to switch pensions through the Origo transfer service.
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).