The Royal Bank of Scotland's defined benefit deficit has risen to £3.9bn over 2012 in a year which saw it fall as low as £1.7bn, its final results show.
The bank, which is majority-owned by the tax payer, finished 2011 with a combined deficit of £2.3bn, which fell to £1.7bn by the end of September 2012, before shooting up to £3.9bn by the end of the year....
A buyout tool which provides schemes with up-to-date pricing and comparisons between insurers has been launched by JLT Employee Benefits.
The DB white paper sets out plans to review the funding regime, with 'prudent' and 'appropriate' possibly redefined. But James Phillips asks if this could this signal a return to an MFR-like approach?
The trustees of GKN's pension schemes have agreed a package of mitigation measures that would improve funding to a "more prudent level" if Melrose's offer is accepted by shareholders next week.
While the new powers are welcome, most respondents doubt it will make a difference to the outcomes for members, Pensions Buzz respondents say.