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...
Savers are being warned by the Insolvency Service to guard their pension pots from investment scammers and negligent trustees as it winds up 24 companies.
Respondents say they should only be required in certain situations as the system is not broken.
Smart Pension has absorbed more than 6,500 members from the Corporate Pensions Trust (CPT) after its trustees decided not to apply for authorisation.
The Defined Contribution Investment Forum (DCIF) has reappointed Vivek Roy as chairman for 2019 following a vote at its annual general meeting last November.