Birmingham City Council has disclosed a defined benefit scheme deficit of £1.4bn in its latest set of accounts.
According to the report the local authority's pension liabilities stand at £4.1bn but assets, as of 31 March this year, were £2.7bn. However, the council said it had seen a reduction in the scheme deficit...
Potential changes to accounting standards and increased pressure on companies to accelerate contributions could worsen FTSE 100 scheme funding by up to £100bn, according to Lane Clark and Peacock (LCP).
Smart Pension has taken on over 20,000 active members from the £20m Corpad Master Trust, following a strategic review by the ceding firm's trustees.
The Universities Superannuation Scheme (USS) allegedly obstructed a whistleblower as she tried to discover the true value of the deficit in its defined benefit (DB) section, according to reports.
The Cost Transparency Initiative (CTI) has launched a number of templates and guidance to help pension schemes deliver greater value for savers with enhanced disclosure of transaction cost information.