Defined benefit (DB) scheme liabilities are likely to rise after 10-year gilt yields fell below 1% today for the first time ever following last week's Brexit vote.
Coupled with expected lower asset returns amid the market volatility resulting from the historic decision, schemes and sponsors are being warned to expect higher funding deficits. The 10-year benchmark...
This week's top stories include ITS' management buyout from Mercer, and The Pensions Regulator launching a probe into single-employer defined contribution schemes' default funds.
People retiring in the UK will on average outlive their pension savings by 10 years, according to research by the World Economic Forum (WEF).
Steps to improve auto-enrolment are uncontroversial and obvious, but the government is dawdling on introducing the necessary changes, argues Jack Jones.
Professional trustees will be expected to apply for accreditation as part of a framework intended to be launched on 1 July by the Professional Trustee Standards Working Group (PTSWG).