Centrica's defined benefit (DB) pension deficit soared by 855% in 2016, its latest annual accounts have revealed.
The company, which operates three DB schemes in the UK, saw its total liabilities climb by 34% over the twelve months, moving from £6.8bn at the end of 2015 to £9.1bn on 31 December 2016 on the IAS 19...
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.