The total deficit of FTSE350 pension schemes dramatically worsened to an estimated £102bn at the end of June, latest Pension Capital Strategies research reveals.
Findings showed the total deficit increased from £34bn three years ago - despite FTSE350 companies paying £19bn of deficit funding into their pension schemes over this period. PCS managing director...
A buyout tool which provides schemes with up-to-date pricing and comparisons between insurers has been launched by JLT Employee Benefits.
The DB white paper sets out plans to review the funding regime, with 'prudent' and 'appropriate' possibly redefined. But James Phillips asks if this could this signal a return to an MFR-like approach?
The trustees of GKN's pension schemes have agreed a package of mitigation measures that would improve funding to a "more prudent level" if Melrose's offer is accepted by shareholders next week.
While the new powers are welcome, most respondents doubt it will make a difference to the outcomes for members, Pensions Buzz respondents say.