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...
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).