Smiths Group saw its deficit more than double from £199m to £459m over the six months to January, driven by a 50 basis point drop in its discount rate.
The engineering firm revealed the increases shortfall in its interim results, published today, saying the funding status of its UK plans slipped from 104% to 94% over the preceding year. The firm said...
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers