UK private sector scheme funding levels have fallen from 93% to 85% over the last year, leading to difficulties for firms with triennial valuations due, says JLT Pension Capital Strategies.
The firm's monthly index shows that combined assets for UK defined benefit scheme stood at just over £1trn at the end of April while liabilities had grown to £1.18trn, leaving a shortfall of £172bn on...
Ex-BHS owner Dominic Chappell has been ordered to pay a total of £87,000 in fines and court costs after he was found guilty of failing to provide The Pensions Regulator (TPR) with information.
The Department for Work and Pensions (DWP) has said it while believes in the benefits of consolidating defined benefit (DB) schemes, there are significant issues to overcome.
There is just one week left to register to enter the Workplace Savings and Benefits Awards 2018.
Nearly a third (32%) of employers believe new technologies, such as augmented and virtual reality, will play a part in benefits communications, latest research from Aon Employee Benefits reveals.