The UK's 5,945 defined benefit (DB) schemes had a £306bn surplus under realistic investment return assumptions by the end of October, according to First Actuarial.
Its monthly index, which looks at the best estimate expected returns on the underlying assets held by schemes, shows the aggregate surplus had fallen 15% from the £358bn recorded on 30 September. The...
This week we want to know whether the UK needs an intergenerational equalities minister to tackle the gap between the young and old, and if the FCA's proposals on DB transfers go far enough.
The Pensions Regulator (TPR) has been granted £3.5m of additional funds to boost its compliance and enforcement work, its non-executive chairman Mark Boyle has said.
Paul Pettitt will leave Origo next year after 28 years with the financial technology company that has played a key role in developing the pensions dashboard.
The watchdog's approach has become too aggressive in the last year and it seems to be moving away from a risk-based approach, according to Peter Askins.