UK defined benefit schemes turned a deficit of £201bn in 2009 into a surplus of £22bn last year, figures reveal.
Research by TheCityUK - an independent financial membership body - found a 7.6% real return on UK pension funds, fuelled by recovering equity markets, helped swing a deficit in 2009 of £201bn to a surplus...
The top stories this week were the High Court's decision to block the £12bn annuity transfer from Prudential to Rothesay Life, and a separate court ruling that 'raises the bar' for pension rectification exercises.
Guaranteed minimum pension (GMP) equalisation has soared to the top of pension schemes' to-do lists, with 58% stating it is a priority project, research from Equiniti has revealed.
Professional Pensions is holding its defined contribution (DC) conference on 4 September.