The BT Pension Scheme (BTPS) has entered into a £16bn longevity swap to hedge more than a quarter of its exposure to longevity risk.
The deal with the Prudential Insurance Company of America (PICA) dwarfs previous transactions and covers more than three times more in liabilities than the previous record-holder. It is the second transaction...
The secretary of state for work and pensions has told MPs clawback and avoidance measures could be imposed for the people responsible for driving Carillion over the cliff.
Occupational pension provision has continued to grow in value, but there remains large variance in incomes across the pensioner age group, according to latest government data.
Defined benefit (DB) schemes could have an aggregate surplus by 2021 under Pension Protection Fund (PPF) projections, its strategic plan for 2018 to 2021 reveals.
Investment consultants are failing to recommend products that outperform net of fees, the Competition and Markets Authority (CMA) has said as its investigation into the market continues.