Schemes suffer biggest ever daily rise in deficits as stockmarkets plummet
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...
Latest stories
PP research: Struggling businesses should not be allowed to suspend AE contributions
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Dominic Chappell loses appeal against BHS conviction
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
Five stories you may have missed this week
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
TPR: We want to build better relationships with schemes to protect savers
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers