FTSE350 companies' defined benefit (DB) deficits fell as bond yields rose on hints of an end to quantitative easing (QE), research from Mercer shows.
Mercer's monthly Pensions Risk Survey said June saw schemes achieve the largest monthly fall in deficit levels in ten months, decreasing £16bn to a £82bn total. The reduction began in May with a £10bn...
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This week's top stories included Cardano announcing plans to acquire Now Pensions from a Dutch pension fund later this year.
Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.