The combined deficit of the FTSE 350's defined benefit (DB) schemes fell by £3bn over the course of November, according to Mercer's Pensions Risk Survey.
The monthly index recorded a £64bn shortfall on the accounting measure as of 30 November, down from £67bn at the end of October. Asset values remained unchanged over the month, at £765bn, while liabilities...
Partner Insight: Members' evolving needs and expectations are driving changes in scheme administration. As the pensions landscape inevitably continues to change, how will your scheme's approach need to develop to keep pace?
The Pensions Regulator (TPR) is "working closely" with government contractor Interserve and the trustees of its defined benefit (DB) pension schemes, it has confirmed.
The industry has welcomed the Department for Work and Pensions' (DWP) consultation on defined benefit (DB) consolidation as a way to address scheme covenant issues.
BMO Global Asset Management has opened a UK fiduciary management business, promising a "truly open architecture" approach to deliver "better client outcomes".