The aggregate deficit of the Pension Protection Fund (PPF) 7800 Index increased in July from £109.0bn to £122.7bn, according to figures released by the lifeboat fund.
The index measures the funding levels of the 6,150 schemes that are eligible for the PPF, on an s179 basis, which represents the cost of securing PPF-level benefits. The average funding ratio decreased...
The top stories this week were the High Court's decision to block the £12bn annuity transfer from Prudential to Rothesay Life, and a separate court ruling that 'raises the bar' for pension rectification exercises.
Guaranteed minimum pension (GMP) equalisation has soared to the top of pension schemes' to-do lists, with 58% stating it is a priority project, research from Equiniti has revealed.
Professional Pensions is holding its defined contribution (DC) conference on 4 September.