Deficits in all private UK defined benefit (DB) schemes worsened in March amid low interest rates and a worsening economic outlook.
JLT Employee Benefits' latest monthly figures showed the gap between assets and liabilities widened from £209bn in February to £273bn this month. This meant the total funding level went down from 85%...
Labour Party plans to renationalise core industries and require the largest listed companies to hand 10% of shares to employees would be a "double whammy" for pensions, business leaders have warned.
A handful of industry heavyweights have begun trialling a so-called 'mid-life MOT', with positive initial results reported by all those involved.
The Pensions and Lifetime Savings Association (PLSA) has announced it will shrink its board by more than one-third as part of a governance overhaul to make it "agile and more appropriate".