The combined deficit of the UK's defined benefit (DB) schemes grew by 30% over the last 12 months, according to the Pension Protection Fund (PPF).
The 5,794 DB schemes in the PPF 7800 Index had a deficit of £245.6bn on a section 179 basis at the end of April, up from £188.7bn at the same point last year. Liabilities totalled £1.8trn, while assets...
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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.