Nine-tenths of trustees and sponsors believe deficits will increase at their next valuation, latest Hewitt research reveals.
The consultant's survey - which polled more than 150 pension schemes, representing more than £300bn in scheme liabilities - found that over half of respondents predicted the increased deficits would lead...
The Co-operative Group's Somerfield Pension Scheme has completed a buy-in with Pension Insurance Corporation (PIC), insuring the benefits of its pensioner members.
Caroline Rookes CBE and Michele Hirons-Wood have joined The Pension Superfund's board of trustees to focus on maintaining governance standards and safeguarding member benefits.
The first specialist independent firm advising pension schemes on bulk annuities or moving to a consolidator has been set up with ambitions to shake up the market.