The collective deficit of defined benefit (DB) schemes decreased by £40bn to £420bn over July, according to PwC's monthly Skyval index.
The measure, which looks at roughly 5,800 schemes, showed the deficit fell by almost 9% from the end of June. This is the third month in a row the deficit has dropped, with assets valued at £1.6trn...
Kim Gubler says it is time that schemes and administrators reassess SLAs and look at what real people need from their pension schemes and when
The Pensions Regulator (TPR) is focusing on reducing the number of "poorly-run" schemes as it seeks to improve standards across the board.
Prudential Retirement has completed around $2.6bn (£2bn) of reinsurance contracts for UK pension scheme longevity risk since the start of the year, it has disclosed.
Funding standards for DB schemes have increased exponentially over the past decades. Con Keating says such significant overstatement of liabilities will lead to pushback through the courts.