The Pension Protection Fund (PPF) will seek to collect £550m in levies from the industry in the 2018/19 tax year, it has announced, down more than 10% from 2017/18.
The lifeboat fund said its strong funding position meant it could reduce the levy scaling factor (LSF) to 0.48, despite a backdrop of low interest rates and the potential impact of Brexit. It added...
PTL has appointed Karein Davie as a client director in its Birmingham office.
The level of interest rate hedging increased to £29.5bn of liabilities in the second quarter as pension funds continued to de-risk, according to BMO Global Asset Management's research.
UK inflation has risen for the first time since November to 2.5% in July, up from 2.4% in June, thanks to rising fuel costs and the price of computer games.
The number of DB pension scheme trustees targeting a buyout with an insurer has increased significantly in the past five years, latest research from Willis Towers Watson shows.