Current valuation methods that rely on market prices or yields are overstating scheme deficits by up to two thirds, warn economists.
The authors of Keep your lid on, published by Long Finance, argue that valuations should instead be based on income streams from assets – a much more stable factor. Co-author of the report Con Keating...
Former home secretary Amber Rudd is to return to the cabinet as work and pensions secretary after the resignation of Esther McVey.
This week's top stories included proposed draft regulations in a no-deal Brexit which would make scheme investments illegal, and Esther McVey's resignation as secretary of state.
There have been a total of 15 ministers responsible for pensions since 1997. Here is the list in full.