GKN has seen the deficit in its UK schemes more than double after amending an asset-backed contribution structure (ABC) to address concerns raised by the Financial Reporting Council (FRC).
The engineering firm's annual results to the end of December, published today, show the deficit jumped from £341m to £714m on an accounting basis over the year. It said this was primarily the result...
Almost all listed asset managers have now signed up to the transparency code that launched 12 months ago to help local government funds get better cost data, writes Stephanie Baxter
This week's top stories include MPs questioning the regulator's leadership in a letter to the watchdog's chairman, and FTSE 100 schemes post accounting surplus for first time in decade.
While the majority of UK's largest pension funds have taken action on climate change, parliament says there are still some that are failing to manage their schemes responsibly.
Master trusts will have just one chance to demonstrate to The Pensions Regulator (TPR) that they should be authorised under the upcoming regime, the watchdog has said.