Around a third of Britain's largest 200 pension schemes remain in surplus despite market falls last week, research by Aon Consulting reveals.
The firm said aggregate deficits rose by £9bn last Thursday but the combined shortfall at the top 200 schemes at the end of July was only £1bn higher than at the end of June at £13bn. However, Aon...
The Co-operative Group's Somerfield Pension Scheme has completed a buy-in with Pension Insurance Corporation (PIC), insuring the benefits of its pensioner members.
Caroline Rookes CBE and Michele Hirons-Wood have joined The Pension Superfund's board of trustees to focus on maintaining governance standards and safeguarding member benefits.
The first specialist independent firm advising pension schemes on bulk annuities or moving to a consolidator has been set up with ambitions to shake up the market.