The combined funding position of the Lloyds Banking Group defined benefit (DB) schemes deteriorated considerably in the third quarter of the year.
According to its latest quarterly financial results, published 26 October, the aggregate deficit of the bank's 10 schemes was £740m on an IAS 19 basis on 30 September. This is in comparison to a £430m...
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).