Santander UK has suffered a near 50% increase in its total defined benefit scheme deficit in the first six months of this year, half year results reveal.
The Spanish-owned banking group - which recently agreed a deal to buy 318 Royal Bank of Scotland and NatWest branches - blamed a 34 basis point spike in the net discount rate, coupled with "below expectation"...
Scottish Widows has completed a bulk annuity deal for the Hitachi UK Limited Pension Scheme.
The lifetime allowance will rise to £1,054,800 from April next year as the Office for National Statistics (ONS) recorded inflation at 2.4% in the year to September.
The national procurement frameworks for the Local Government Pension Scheme (LGPS) has been expanded to include member data services.
The government is seeking ways to ensure "parity" of compensation treatment between Financial Assistance Scheme (FAS) members from solvent and insolvent schemes.