The average FRS17 funding level of university pension schemes improved three percentage points last year due to recovering equity markets, Barnett Waddingham research shows.
According to the consultant's second survey of university self administered trusts, the average funding level for the universities increased 3%, to 76%, as of 31 July last year, due to equity market recovery...
The Pensions and Lifetime Savings Association (PLSA) is in the process of convening an industry-wide group to take forward the work of the Institutional Disclosure Working Group (IDWG).
The Transfers and Re-registration Industry Group (TRIG) has given its support to an initiative which aims to complete occupational pension transfers within three weeks.
Scottish Widows has completed a bulk annuity deal for the Hitachi UK Limited Pension Scheme.