Rising equity markets coupled with a small increase in gilt yields helped scheme deficits improve by £2.7bn over August, according to the PPF 7800 index.
Scheme assets increased by £5bn, although liabilities rose by £1.5bn leaving the aggregate deficit at £280.3bn. The FTSE All-Share Index rose by 1.5% over the month with the PPF commenting: "The value...
The British Medical Association (BMA) has warned chancellor Philip Hammond to reform the NHS pension scheme rules or doctors will reduce their working hours.
The lifetime allowance should be scrapped and replaced with a lower annual allowance, last week's Pensions Buzz respondents said.
Action for Children Pension Fund has outsourced its pensions administration to Trafalgar House.