Funding ratios prompt calls for more risk transfer in 2013
UK pension funds finished 2012 in slightly better health than they began the year after a rise in asset values pushed average funding ratios to 90%, according to JLT Pension Capital Solutions.
But JLT PCS managing director Charles Cowling (pictured) said the figures should not disguise what had been a difficult year for firms and schemes. In its latest funding update, the firm estimated that...
More on Defined Benefit
Latest stories
TPR and South Wales MP to listen to plight of steelworkers
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group takes over Corinthian Pension Consulting
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
TPR uses production order power for first time; revokes 74 chair's statement fines
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
ITN scheme appoints Trafalgar House as administrator
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.