The accounting deficit of FTSE 350 defined benefit (DB) schemes fell by £9bn over July on the back of lower long-term inflation expectations, according to Mercer's latest index.
The firm's Pensions Risk Survey recorded liabilities totalling £865bn at the end of July, down by £4bn from the end of the previous month. Meanwhile liabilities grew from £738bn to £743bn. Overall,...
Members of the Pensions and Lifetime Savings Association (PLSA) have given a green light to changes to the trade body's constitution and articles of association.
The newly-appointed chairman of the Pensions and Lifetime Savings Association (PLSA) has pledged to "open up" the organisation in a bid to improve policy development.
The Department for Work and Pensions (DWP) has suggested its forthcoming white paper on defined benefit (DB) provision will only show the direction of travel on consolidation, rather give than a definitive answer.
A raft of consultations and draft regulations will greet the industry over the coming weeks and months, the pensions and financial inclusion minister confirms.