The combined funding level of the UK's defined benefit (DB) schemes stayed stable over April with just a £10bn increase in deficit, JLT Employee Benefits has estimated.
At the end of last month, the aggregate deficit for all UK private sector DB schemes was £182bn on the IAS 19 accounting measure, the consultancy calculated. Liabilities remained largely unmoved at £1.8trn,...
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Baillie Gifford and Montanaro are the first asset managers to sign up to a new transparency code to help the Local Government Pension Scheme (LGPS) get a better handle on investment costs.
Lloyds Bank has launched a joint legal bid with its pension trustees and unions to equalise guaranteed minimum pensions (GMPs) in a move which could cost the industry £20bn.
A quarter of retirees do not believe they have a large enough nest egg to fund their retirement, research has revealed.