FTSE 100 pension schemes slip back into deficit

The UK's 100 largest listed companies saw their combined defined benefit (DB) funding level fall by 80 basis points during August, according to JLT Employee Benefits.
Measured under the IAS 19 accounting standard, FTSE 100 schemes had an aggregated deficit of £3bn as of 31 August, after breaking into a surplus for the first time in a decade at the end of July. With...
More on Defined Benefit
Covid restrictions lead Mitchells & Butlers to defer £13m of contributions
Mitchells & Butlers has deferred £13m of deficit recovery contributions (DRCs) after tier four Covid restrictions wreaked havoc across the hospitality sector.
BA defers £450m of DRCs after 'swift and severe' pandemic closures
British Airways (BA) has deferred deficit recovery contributions (DRCs) totalling £450m following an agreement with trustees after a catastrophic year for the airline industry.
DB transfer complaints to ombudsman jump 44% in 2020
Jump from 554 in 2019
Plumbing Pensions reports 99% funding level as governance review poses 'watershed moment'
The Plumbing and Mechanical Services (UK) Industry Pension Scheme was 99% funded on a low-dependency basis, a valuation conducted amid economic turmoil has confirmed.
Tender watch: Enfield appoints Aon for investment consultancy
Professional Pensions rounds up some of the latest tender awards from across the industry.