The funding level of Tesco's defined benefit (DB) pension scheme has fallen yet again as it revealed its first-half profits have more than halved.
The troubled supermarket's pension deficit rose to £4.2bn on an accounting basis at the end of the first half of its financial year from £3.9bn at the end of February, according to its half-year report....
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MPs failed to place legislation into the Financial Guidance and Claims bill that would have made pension guidance default, which Just Group director Stephen Lowe said left a "bitter taste".
Aegon has called for the government to double the tax exemption on employer-arranged pension advice, up from £500 to £1,000.
Institutional investor confidence in Europe rose by 8.9 points in April with each region showing growing appetite for risk, according to State Street Global Exchange.