The aggregate funding deficit of defined benefit (DB) schemes in the Pension Protection Fund's (PPF) 7800 Index fell over September as gilt yields rose.
Liabilities of the index's 5,945 schemes fell for the first time since March, dropping from £1.92trn in August to £1.87bn in September on an s179 basis. Although assets had also fallen slightly from...
Kim Gubler says it is time that schemes and administrators reassess SLAs and look at what real people need from their pension schemes and when
The Pensions Regulator (TPR) is focusing on reducing the number of "poorly-run" schemes as it seeks to improve standards across the board.
Prudential Retirement has completed around $2.6bn (£2bn) of reinsurance contracts for UK pension scheme longevity risk since the start of the year, it has disclosed.
Funding standards for DB schemes have increased exponentially over the past decades. Con Keating says such significant overstatement of liabilities will lead to pushback through the courts.