Barclays has seen its UK pension scheme deficit drop by more than half in the last six months to £1.2bn.
The bank's half yearly results, released today, reveal its unfunded liabilities stood at £2.5bn in December last year but have dropped by £3.1bn. This was principally due to a change to the discount...
More needs to be done to speed up DB to DC transfers but, as Jonathan Stapleton says, more also needs to be done to protect members.
The Pensions Ombudsman (TPO) took on 2,566 early resolution cases in 2018/19 after onboarding a team from The Pensions Advisory Service (TPAS), according to its annual report and accounts.
The lifeboat fund is in a good position despite reserves taking a £0.6bn hit. But the ramifications of the EU judgment on member compensation is an area of concern for CEO Oliver Morley, writes Stephanie Baxter