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...
As the CMA gathers evidence for its investigation into investment consultants and fiduciary managers, Stephanie Baxter asks if there is a systemic problem in the industry
Universities UK (UUK) has proposed ending future accrual of defined benefit (DB) promises and transferring members to the existing defined contribution (DC) plan.
The bridging pension anomaly faced by the Pension Protection Fund (PPF) will be removed under plans unveiled by the Department for Work and Pensions (DWP).
Zuhair Mohammed has been appointed as a partner at Lane Clark & Peacock (LCP) to expand its investment team.