The total deficit of defined benefit (DB) FTSE 350 pension schemes surged 52% over a two-week period this month, according to Hymans Robertson.
Falling gilt yields alongside a dive in equity markets drove the deficit from £63bn to £96bn between 30 September and 15 October, the consultancy revealed. Typical falls in funding levels were between...
Some of the UK's biggest pension schemes will be forced to report on climate risk in line with recommendations from the Taskforce for Climate-related Financial Disclosures (TCFD).
TPT Retirement Solutions has launched a pension scheme for the education sector which offers schools both defined contribution (DC) and defined benefit (DB) pension provision.
The People's Pension has revealed plans to overhaul its charging structure, cutting fees and returning profits to members with an aim to help people save more money for retirement.
Data consultancy ITM has appointed Akash Rooprai as head of client management to lead its de-risking business.