An unusual increase in the yield of corporate bonds has seen FTSE350 defined benefit (DB) deficits fall in May, research from Mercer shows.
The consultant's monthly Pensions Risk Survey showed scheme deficits fell to £98bn over May, down £10bn from April. This was purely due to a fall in liabilities from the rise in corporate bond yields....
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers