THE COMBINED pensions deficit of the UK's 200 largest defined benefit schemes rose by £1bn in October to £52bn, Aon Consulting says.
The consultancy firm said improved asset valuations were cancelled out by growing liabilities to keep total deficits – under accountancy standard FRS17 – around the £50bn mark for the third consecutive...
The closure of the BT Pension Scheme (BTPS) to future accrual means 20,000 active members will move to an 'enhanced' defined contribution (DC) scheme, after the company reached a deal with the union.
In this week's Pensions Buzz we want to know what you think of the government's proposals set out in the DB white paper, which include new powers for the regulator.
The pensions watchdog has been through some testing times and is making significant changes to the way it regulates. Speaking to Stephanie Baxter, Mark Boyle takes stock and looks to the future
Enhanced powers for The Pensions Regulator (TPR) to prosecute and fine company directors who "wilfully or recklessly" put their defined benefit (DB) pension scheme at risk will be hard to enforce, commentators say.