The aggregate deficit of the 7800 defined benefit schemes monitored by the Pension Protection Fund increased for the fourth consecutive month in February.
The deficit widened to £97.5bn – the highest deficit since June 2003 – from £80.8bn in January and £68.6bn at the end of February last year. The total deficit of schemes in deficit is estimated to have...
Pension freedoms could generate as much as £1.9bn a year in tax revenue for the next 10 years, according to research by the Pensions Policy Institute (PPI).
The Pension Protection Fund (PPF) has conceded it does not have "all the data we need to calculate" the impact of last month's ruling that some benefits may be unlawful.
A looming court decision on gender equalisation of pension schemes could hit FTSE 100 profits by up to £15bn, Lane Clark and Peacock (LCP) says.
Dutch custodian KAS Bank has created a fintech solution to help schemes save on costs and improve transparency of currency hedging strategies.