The aggregate funding position of the 6,653 schemes in the Pension Protection Fund's 7800 index worsened to a deficit of £53.5bn at the end of August.
This compared to a surplus of £6.6bn at the end of July. The lifeboat fund said this relates to a funding ratio decline from 100.7% to 94.6% - noting total assets were £934bn and total liabilities were...
Life expectancy in the UK saw no improvement between 2015 and 2017 as the number of people aged over 90 hit a record high, latest Office for National Statistics (ONS) data reveals.
Self-administered pension funds spent £14bn on payments to pensioners in Q2 2018, but only received £11.4bn of contributions (net of refunds), latest Office for National Statistics (ONS) data reveals.
The Pensions and Lifetime Savings Association (PLSA) has named the 17 members of its inaugural policy board after a competitive application process with 60 candidates.