THE aggregate funding position of the 7800 defined benefit schemes monitored by the Pension Protection Fund worsened to a £24.1bn deficit at the end of July, latest figures reveal.
The PPF 7800 index shows the position worsened from a surplus of £8.3bn at the end of June. The lifeboat fund said scheme funding is worse than it was a year previously, in July 2007 there was a surplus...
Proposed changes to The Pensions Regulator's (TPR) notifiable events framework so it can be more proactive when corporates make changes will create a very challenging workload, it has been said.
Aviva has created a new pension skill for Amazon Alexa that allows customers to find out how much they have saved towards their retirement.
PP has compiled a list of what to watch out for over the coming months.
The proposed cold-calling ban may be ineffective if a collaborative regulatory approach between the UK and the European Union (EU) is not maintained post-Brexit, the Pensions Management Institute (PMI) has warned.