DB funding level drops over August after 105 schemes fall into deficit
The combined deficit of the UK's defined benefit (DB) schemes rose by £40bn over August, according to the Pension Protection Fund's (PPF) latest index.
At the end of the month, the deficit totalled £220bn on a section 179 basis for the 5,794 schemes, up from £180bn at the end of July, the PPF 7800 recorded. Assets grew by £29bn to £1.6trn, but were...
More on Defined Benefit
Latest stories
LCP Annual Conference: Schemes face risks as central banks hike rates
An abrupt change in interest rates "will lead to problems" in the real economy and financial markets, economist Gerard Lyons warns.
TPR bans three trustees over suspected £9m scam
The Pensions Regulator (TPR) has banned three people from serving as pension trustees after around £9m was suspected of being scammed from 346 savers.
Just 23% of investment managers are female, Diversity Project finds
Over three-quarters of investment managers are male, while over four in ten are white British, according to research by the Diversity Project.
The four factors driving the growth in index strategies
Schemes are increasing their usage of index strategies. Armit Bhambra looks at the four key factors driving this growth