The aggregate deficit of the UK's defined benefit (DB) schemes fell by £8.2bn over October, with 49 schemes moving into surplus, according to the Pension Protection Fund (PPF).
At the end of October, the combined section 179 shortfall was £149.8bn, compared to £158bn at the end of September, according to the lifeboat fund's November 7800 index update. It is also almost half the...
UK inflation unexpectedly rose to 2.7% in August, beating analysts' expectations of a drop to 2.4% from 2.5% the previous month.
The Pensions Advisory Service (TPAS) helped 187,000 people in 2017/18, a 9% fall on the previous year despite setting up special helplines for specific scheme members.
The Liberal Democrat party has passed a motion pledging to cap tax-free lump sums under Freedom of Choice at £40,000 if elected into government.