Around half of firms with defined benefit schemes have been forced to cut corporate investment in a bid to deal with deficits, latest Bank of England research shows.
The Bank of England's survey of 90 firms with DB schemes - conducted by its agents during April and May this year - found around half had reduced their planned investment as a result of their pension deficit....
The Pensions and Lifetime Savings Association (PLSA) is in the process of convening an industry-wide group to take forward the work of the Institutional Disclosure Working Group (IDWG).
The Transfers and Re-registration Industry Group (TRIG) has given its support to an initiative which aims to complete occupational pension transfers within three weeks.
Scottish Widows has completed a bulk annuity deal for the Hitachi UK Limited Pension Scheme.