The combined funding level of the UK's 5,450 defined benefit (DB) schemes increased by 90 basis points (bps) over February, latest Pension Protection Fund (PPF) data shows.
The lifeboat's monthly update, revealed the aggregate deficit on a section 179 basis had fallen to £8.6bn by 28 February, from £23.1bn at the end of January . Total scheme assets were unchanged over...
Almost half (44%) of clinical and non-clinical trust executive directors are considering or planning to leave the NHS in the next two years due to pension taxation, according to NHS Providers.
The parent of collapsed UK retailer Mothercare has secured a revised payment schedule with its pension scheme trustees and said it is “on track” with its planned recapitalisation.
Only a “comprehensive rethink” will be able to fix the “bloated, inefficient mess” of the current pension tax system, says Hargreaves Lansdown head of policy Tom McPhail.
The Pensions Ombudsman (TPO) has rejected a number of complaints from members of the embattled and collapsed British Steel Pension Scheme (BSPS).
Plenty of risk remains in the Pension Protection Fund's (PPF) universe but the outlook on funding levels is positive, the lifeboat says as it launches its 2019 Purple Book.