High street bakery chain Greggs saw a £19m increase in its defined benefit (DB) scheme deficit during 2016 on the back of falling corporate bond yields.
As of 31 December, the final salary scheme recorded a total deficit of £22.9m on the IAS 19 accounting measure, compared to just £3.9m on 2 January 2016. The DB fund closed to future accrual in 2008,...
The Pensions Regulator (TPR) has set out plans to use "new regulatory initiatives" with over 1,000 schemes as it aims to tighten its regulatory grip and boost member outcomes.
HM Revenue and Customs (HMRC) has announced it is delaying the provision of data that will enable pension schemes to confirm the guaranteed minimum pension (GMP) benefits to pay to members until the end of the year.
This week's top stories include an article on climate activists from Extinction Rebellion crashing the PLSA's local authority conference, and an in-depth piece on the Court of Appeal's ruling on the BIC UK Pension Scheme case.
Engagement in pensions is rising but there are still a number of barriers to overcome. Natanje Holt looks at the key issues that need to be tackled