The combined deficit of defined benefit (DB) schemes increased by £45.5bn over February to £242bn according to the Pension Protection Fund's (PPF) latest update.
Over the month liabilities for the 5,794 schemes in the lifeboat fund's index increased by 5.4% to £1.8trn, which outpaced the growth of assets which rose by 3% to £1.5trn. It comes after DB schemes...
A buyout tool which provides schemes with up-to-date pricing and comparisons between insurers has been launched by JLT Employee Benefits.
The DB white paper sets out plans to review the funding regime, with 'prudent' and 'appropriate' possibly redefined. But James Phillips asks if this could this signal a return to an MFR-like approach?
The trustees of GKN's pension schemes have agreed a package of mitigation measures that would improve funding to a "more prudent level" if Melrose's offer is accepted by shareholders next week.
While the new powers are welcome, most respondents doubt it will make a difference to the outcomes for members, Pensions Buzz respondents say.