Some 30% of defined benefit (DB) pension schemes are significantly in surplus, according to Aon Hewitt.
Its survey of 86 schemes also found 42% were approximately fully-funded on a best estimate basis and a quarter of FTSE350 schemes were over 100% funded when viewed on an accounting basis. Partner Paul...
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.