PENSION schemes suffered the largest ever single daily increase in FRS17 deficits yesterday as global stock markets plunged, consulting firms calculate.
Aon Consulting said the aggregate deficit of the 200 largest UK defined benefit schemes increased from just £2bn on December 31 last year to £33bn at close of business on Monday. It said this marked...
An innovative funding structure has been agreed for Croydon Pension Fund. However, there are some concerns about the arrangement. Stephanie Baxter reports
Some 52% of red flags raised by schemes on suspected scam pension transfers involve advisers or unregulated introducers, a report by the Pension Scams Industry Group (PSIG) has claimed.
The Norfolk Pension Fund has been successful as the lead plaintiff in a class action case that went to jury trial in California involving securities fraud.
In this week's Pensions Buzz, we want to know whether bosses should have to pay into the same staff DB scheme as their workers rather than their own executive pension fund.