Two-thirds of FTSE350 firms use lower levels of inflation than the market to calculate pension accounts - shaving £7bn off deficits, a survey shows.
Hymans Robertson accounting assumptions study discovered 65% of FTSE350 companies used inflation assumptions ten basis points below market yields to calculate their pension accounts to reduce reported...
Almost all listed asset managers have now signed up to the transparency code that launched 12 months ago to help local government funds get better cost data, writes Stephanie Baxter
This week's top stories include MPs questioning the regulator's leadership in a letter to the watchdog's chairman, and FTSE 100 schemes post accounting surplus for first time in decade.
While the majority of UK's largest pension funds have taken action on climate change, parliament says there are still some that are failing to manage their schemes responsibly.
Master trusts will have just one chance to demonstrate to The Pensions Regulator (TPR) that they should be authorised under the upcoming regime, the watchdog has said.