Greater Manchester Pension Fund will increase employer contributions by 1.4 percentage points after its funding level dropped from 100% to 96.4% following its triennial valuation.
The £10.4bn fund - the biggest English fund in the LGPS - saw an estimated 3.6 percentage point fall in funding levels because financial market returns had been less than actuary expectations, it said....
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers