The combined deficit of defined benefit (DB) schemes increased by £29.2bn over December to £223.9bn according to the Pension Protection Fund's (PPF) latest update.
In the lifeboat fund's 7800 index, liabilities outpaced the growth in scheme assets as the funding ratio worsened from 88.1% at the end of November to 86.8% by the end of the year. The figures contrast...
Lloyds Bank has launched a joint legal bid with its pension trustees and unions to equalise guaranteed minimum pensions (GMPs) in a move which could cost the industry £20bn.
A quarter of retirees do not believe they have a large enough nest egg to fund their retirement, research has revealed.
Raj Mody says trustees and sponsors must get a handle on the issue of life expectancy assumptions.
The European pensions regulator has launched its second exercise to test the potential impact on schemes in the event of a market crash or longevity shock.