The combined deficit of FTSE 350 defined benefit (DB) schemes rose by £98bn over 2016, according to Mercer data.
On 30 December, the aggregate deficit hit £137bn, on an IAS 19 basis, up from £127bn at the end of November and £39bn the previous year. The figures represent a 251% increase over the 12 months. Liabilities...
Jonathan Stapleton asks whether newly-accredited professional trustees should be a statutory fixture on pension scheme boards.
Savers are being warned by the Insolvency Service to guard their pension pots from investment scammers and negligent trustees as it winds up 24 companies.
Respondents say they should only be required in certain situations as the system is not broken.