The private sector's defined benefit (DB) deficit under IAS 19 remained relatively stable over May with the shortfall increasing by just £1bn, but a different measure showed a £20bn fall.
According to JLT Employee Benefits' estimates, at the end of May, the combined deficit was £183bn under the accounting measure, up from £182bn last month. With assets and liabilities of £1.6trn and £1.8trn...
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.