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...
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.