Funding positions have improved slightly this month as rising asset values offset increasing liabilities which were pushed out by record low discount rates.
The latest Aon Hewitt 350 Index revealed the aggregate deficit for the index shrank from £56bn at the beginning of the year to £51bn by the end of January. Aon Hewitt principal John Belgrove said the...
The Co-operative Group's Somerfield Pension Scheme has completed a buy-in with Pension Insurance Corporation (PIC), insuring the benefits of its pensioner members.
Caroline Rookes CBE and Michele Hirons-Wood have joined The Pension Superfund's board of trustees to focus on maintaining governance standards and safeguarding member benefits.
The first specialist independent firm advising pension schemes on bulk annuities or moving to a consolidator has been set up with ambitions to shake up the market.