Defined benefit pension scheme deficits rose to an aggregate of £19.6bn in December from £5.2bn in November last year, figures from the Pension Protection Fund shows.
The PPF’s 7800 Solvency Index for December 2007 said scheme funding is now worse than it was in December 2006, when a surplus of £8.4bn was recorded. In December last year, lower gilt yields raised...
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers