The total funding shortfall across Balfour Beatty's pension schemes rose by £85m to £231m over the course of 2016, driven by interest rate falls and contraction in credit spreads.
Out of the several defined benefit (DB) schemes that the infrastructure company sponsors, its liabilities from the Railways Pension Scheme increased the most over the year by £100m. This more than offset...
Last week, both the PLSA's new chairman Richard Butcher and the pensions minister Guy Opperman told the industry exactly what they wanted to hear. The hard part, as Jonathan Stapleton writes, is turning these fine words into action.
The UK's ranking has dropped to 15 in the Melbourne Mercer Global Pension Index (MMGPI) despite the country attaining a better score than last year.
Origo has appointed Aviva head of proposition Anthony Rafferty to succeed Paul Pettitt as managing director from 1 March 2018.
Baroness Ros Altmann has attacked the annuity market for failing to inform savers that better annuity rates may be available to them, calling for an investigation.