Increases in the mortality assumptions used by pension schemes have raised the liabilities of the UK's biggest firms by £8bn, latest research by Mercer shows.
The consultant’s research – which looked at funding positions for FTSE 350 companies – found schemes had increased their life expectancy assumptions for members by an average of half a year over 2007....
A buyout tool which provides schemes with up-to-date pricing and comparisons between insurers has been launched by JLT Employee Benefits.
The DB white paper sets out plans to review the funding regime, with 'prudent' and 'appropriate' possibly redefined. But James Phillips asks if this could this signal a return to an MFR-like approach?
The trustees of GKN's pension schemes have agreed a package of mitigation measures that would improve funding to a "more prudent level" if Melrose's offer is accepted by shareholders next week.
While the new powers are welcome, most respondents doubt it will make a difference to the outcomes for members, Pensions Buzz respondents say.