Defined benefit (DB) scheme deficits are down £51.2bn despite falling assets, research from the Pension Protection Fund (PPF) shows.
The monthly PPF7800 index showed the aggregated deficit for 6,316 schemes, on an s179 basis, fell to £134bn from £185.5bn over June. In May deficits fell by over a quarter as the yield rise started...
The directors of collapsed construction giant Carillion were "contemptuous" of funding their defined benefit (DB) pension schemes, and "refused to give an inch", Frank Field has alleged.
The PPF 7800 deficit was slashed in half last month as gilt yields rose. Victoria Ticha asks if this is the start of a longer trend
Frank Field is to warn Sir Philip Green not to sell his Arcadia business without ensuring defined benefit (DB) pensions are adequately protected, PP can confirm.
Some 79% of people would like to see stricter rules and checks to ensure pension pots are secure, according to a survey by the Pensions and Lifetime Savings Association (PLSA).