FTSE 350 DB deficit falls marginally over November
The combined deficit of the FTSE 350's defined benefit (DB) schemes fell by £3bn over the course of November, according to Mercer's Pensions Risk Survey.
The monthly index recorded a £64bn shortfall on the accounting measure as of 30 November, down from £67bn at the end of October. Asset values remained unchanged over the month, at £765bn, while liabilities...
More on Defined Benefit
Boohoo acquisition of Debenhams leaves schemes with PPF
The Debenhams brand and website has been acquired by online fashion retailer Boohoo for £55m, although the pension scheme, shops, and stock will not be purchased.
Con Keating: Buzz views show true depth of DB funding code disquiet
Con Keating says last week’s Pensions Buzz survey indicates the true feeling of directly affected schemes to The Pensions Regulator’s DB funding code proposals.
USS: Cost of scheme is 'growing challenge' as future returns 'likely to be lower'
The Universities Superannuation Scheme (USS) trustee board has warned investment returns will be lower in the future than expected as it edges closer to concluding its 2020 valuation.
Pension transfer values end volatile year 8% up; Scam 'red flags' at record high
Pension transfer values ended 2020 at £259,000, 8% higher than the start of the year, according to XPS Pensions, after suffering periods of substantial volatility linked to the pandemic while potential scams reached record highs.
TPR's long-term funding approach 'will put extra financial pressure' on scheme sponsors
The Pensions Regulator’s (TPR) long-term funding approach will put extra financial pressure on UK pension scheme sponsors, according to Aon.
