The total funding shortfall across Balfour Beatty's pension schemes rose by £85m to £231m over the course of 2016, driven by interest rate falls and contraction in credit spreads.
Out of the several defined benefit (DB) schemes that the infrastructure company sponsors, its liabilities from the Railways Pension Scheme increased the most over the year by £100m. This more than offset...
The Local Government Pension Scheme (LGPS) has gone live with a cost transparency compliance system and has on-boarded all UK schemes onto the platform.
Against a Covid-19 backdrop of deteriorating funding positions and reduced ability to pay DRCs, Alistair Russell-Smith looks at key actions for scheme sponsors.
Universities Superannuation Scheme (USS) has said it will go ahead with its 31 March valuation despite significant falls in asset values over the past month.
The Pensions Regulator (TPR) is “pulling out all the stops” to help struggling employers during the Covid-19 crisis, although latest guidance may put trustees in a “challenging” position, the industry says.
Millions of public sector workers will be able to choose whether their pension provision should be accrued under legacy or reformed schemes under government plans announced yesterday.