The combined deficit of the UK's 5,588 private sector defined benefit (DB) schemes was £85.6bn at the end of June, according to the Pension Protection Fund (PPF).
The shortfall dropped by £8.4bn on a section 179 basis over the month, the lifeboat fund's 7800 Index recorded, leading to a 40 basis point (bp) improvement in the funding level, which ended the month...
The Pensions Regulator’s (TPR) long-term funding approach will put extra financial pressure on UK pension scheme sponsors, according to Aon.
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the December 2020 estimates on the various measures…
Schemes need to dynamically and closely monitor the position of their employer covenant and its corporate longevity, ensuring the assessment is not conducted in isolation, the Employer Covenant Practitioners Association (ECPA) says.
The Scottish Enterprise Pension & Life Assurance Scheme (SEPLAS) has appointed Hymans Robertson and Isio following a formal tender process.
Marian Elliott looks at the key factors for reaching schemes’ set goals.