FTSE 100 companies reduced contributions to plug deficits in defined benefit (DB) pension schemes by 23% in the last accounting year, according to research.
But the latest data from JLT Employee Benefits (JLT EB) also showed the deficit of FTSE 100 schemes soared 48% year-on-year to £80bn at the end of 2014. This comes after the Bank of England warned the...
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers