The aggregate funding position of 7800 defined benefit funds monitored by the Pension Protection Fund fell by £43.6bn in September.
The lifeboat fund’s PPF 7800 index found the deficit had worsened from £36.7bn at the end of August 2008 to £80.3bn at the end of September 2008. It said this compares to a surplus of £75.1bn in September...
Kim Gubler says it is time that schemes and administrators reassess SLAs and look at what real people need from their pension schemes and when
The Pensions Regulator (TPR) is focusing on reducing the number of "poorly-run" schemes as it seeks to improve standards across the board.
Prudential Retirement has completed around $2.6bn (£2bn) of reinsurance contracts for UK pension scheme longevity risk since the start of the year, it has disclosed.
Funding standards for DB schemes have increased exponentially over the past decades. Con Keating says such significant overstatement of liabilities will lead to pushback through the courts.