The deficit of schemes in the Pension Protection Fund (PPF) 7800 index has more than doubled year-on-year, the latest data has shown.
It rose from £80.3bn at the end of August 2013 to £170.8bn last month on an s179 basis, with the funding ratio slipping six percentage points to 87.6% over the same period. The deficit of all UK schemes...
The Pensions and Lifetime Savings Association (PLSA) is in the process of convening an industry-wide group to take forward the work of the Institutional Disclosure Working Group (IDWG).
The Transfers and Re-registration Industry Group (TRIG) has given its support to an initiative which aims to complete occupational pension transfers within three weeks.
Scottish Widows has completed a bulk annuity deal for the Hitachi UK Limited Pension Scheme.