The actuarial funding deficit on Barclays' main defined benefit (DB) scheme has risen to £7.9bn in its September 2016 triennial valuation, following falls in gilt yields.
This equates to a 31.6% increase in the Barclays UK Retirement Fund (UKRF) deficit from the £6bn reported in the bank's 30 September 2015 funding update, and is more than double the £3.6bn deficit recorded...
The top stories this week were the High Court's decision to block the £12bn annuity transfer from Prudential to Rothesay Life, and a separate court ruling that 'raises the bar' for pension rectification exercises.
Guaranteed minimum pension (GMP) equalisation has soared to the top of pension schemes' to-do lists, with 58% stating it is a priority project, research from Equiniti has revealed.
Professional Pensions is holding its defined contribution (DC) conference on 4 September.