Education technology provider RM has seen the deficit of its defined benefit (DB) scheme rise by £12.8m in one year.
As of 30 November 2016, the scheme recorded a deficit of £34.8m on the IAS 19 accounting measure, up 59% from £21.9m at the same date in 2015. The company blamed a fall in the scheme's discount rate...
This week's top stories included the Department for Work and Pensions issuing two separate consultations on the pensions dashboard and defined benefit consolidation.
A regime similar to that for defined contribution (DC) master trusts will be set up for regulating defined benefit (DB) consolidators under plans announced today.
Defined benefit (DB) superfunds that wish to enter the market must talk to The Pensions Regulator (TPR) about their plans before opening for business.