PENSION funds moving into accounting surplus will force firms to set up contingent funding arrangements in a bid to avoid trapping cash in the scheme, Watson Wyatt says.
The pensions consultancy firm’s research revealed that the aggregate FTSE 100 deficit is now under £16bn – its lowest level for five years. But it said that this could cause problems with regards to surpluses...
The Pensions Regulator (TPR) has appointed Charles Counsell as its new chief executive, who will take over from Lesley Titcomb next year.
The Reuters Pension Fund has completed a £625m full pensioner buy-in with Canada Life in the insurer's largest ever deal.
Anthony Arter will continue as head of The Pensions Ombudsman (TPO) until 31 July 2021, the Department for Work and Pensions (DWP) has announced.
The Nottinghamshire County Council Pension Fund has hired Kames Capital to run a £22m property mandate.