Defined benefit (DB) funding levels improved by just 40 basis points during January, according to JLT Employee Benefits.
It said that, on an accounting basis, the combined deficit of all UK private sector DB schemes fell by £5bn to £102bn over the month. While assets grew by £33bn to £1,560bn, liabilities climbed by a...
Mitchells & Butlers has deferred £13m of deficit recovery contributions (DRCs) after tier four Covid restrictions wreaked havoc across the hospitality sector.
British Airways (BA) has deferred deficit recovery contributions (DRCs) totalling £450m following an agreement with trustees after a catastrophic year for the airline industry.
Jump from 554 in 2019
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.
Professional Pensions rounds up some of the latest tender awards from across the industry.