The funding deficit of Saga's defined benefit (DB) scheme grew by £28.8m over the six months to 31 July on the back of bond yield falls.
Saga Pension Scheme, which is open to new members and future accrual, recorded a deficit of £47.6m on an IAS 19 accounting basis at the end of July, according to the firm's interim report. The present...
Partner Insight: Members' evolving needs and expectations are driving changes in scheme administration. As the pensions landscape inevitably continues to change, how will your scheme's approach need to develop to keep pace?
The Pensions Regulator (TPR) is "working closely" with government contractor Interserve and the trustees of its defined benefit (DB) pension schemes, it has confirmed.
The industry has welcomed the Department for Work and Pensions' (DWP) consultation on defined benefit (DB) consolidation as a way to address scheme covenant issues.
BMO Global Asset Management has opened a UK fiduciary management business, promising a "truly open architecture" approach to deliver "better client outcomes".