Deficits of workplace defined benefit schemes have risen by 66% since the end of 2013 as a result of plummeting bond yields, according to JLT Employee Benefits' monthly index.
The collective deficit of all UK private sector schemes rose to £249bn on 31 December, an increase of 66% from the £150bn recorded at the end of last year. The funding level also suffered, dropping from...
Many single-employer trust-based DC schemes will move to a master trust in coming years. Stephen Richards looks at the pitfalls they need to avoid
Robin Ellison says it is not unreasonable for schemes and their trustees and sponsors also to expect an improvement in the tone of regulation
The Pensions Regulator (TPR) has ordered a firm to pay back more than £700,000 of pension contributions after it miscalculated the amounts due for more than a year.
Insurers are set to face a "flood of requests" from pension schemes for buy-in contracts to be restructured to allow for guaranteed minimum pension (GMP) equalisation, Aon warns.