Defined benefit scheme funding levels have plunged by one-fifth over the past year dragging a further 83 previously fully funded schemes into deficit, data shows.
Figures from the Pension Protection Fund 7800 Index released today reveal funding levels last month were just 80%, down from 99.9% last December, leaving schemes with one of the worst deficit situations...
Guy Opperman has indicated his support for a fresh pensions commission as the government seeks to understand how to progress pensions policy in a wide range of areas.
Auto-enrolment (AE) minimum contribution rates could rise to 12% by 2030, with a 50/50 split between employer and employee, the Pensions and Lifetime Savings Association (PLSA) says.
ITM director Maurice Titley looks at the next steps schemes should take on GMP equalisation.
Schemes are too focused on outcomes when assessing governance, when this may be a result of circumstance not skill. James Phillips looks at whether governance needs more of a framework.