The accounting position of FTSE 100 defined benefit (DB) schemes has worsened from a £12bn surplus to a £17bn deficit over the last 10 years despite mammoth contributions.
In its 24th annual report, LCP revealed the continued rise in liability values driven by falls in bond yields has led to the worsened funding position under the IAS 19 accounting standard used in company...
Last week, both the PLSA's new chairman Richard Butcher and the pensions minister Guy Opperman told the industry exactly what they wanted to hear. The hard part, as Jonathan Stapleton writes, is turning these fine words into action.
The UK's ranking has dropped to 15 in the Melbourne Mercer Global Pension Index (MMGPI) despite the country attaining a better score than last year.
Origo has appointed Aviva head of proposition Anthony Rafferty to succeed Paul Pettitt as managing director from 1 March 2018.
Baroness Ros Altmann has attacked the annuity market for failing to inform savers that better annuity rates may be available to them, calling for an investigation.