Defined benefit (DB) schemes have hit their best funding position since April 2014, according to the Pension Protection Fund (PPF).
The combined PPF 7800 Index deficit fell over November, ending the month at £87.6bn on a section 179 basis and down £100m from 31 October. This is its lowest level since June 2014, when it was £76.8bn....
Savers are being warned by the Insolvency Service to guard their pension pots from investment scammers and negligent trustees as it winds up 24 companies.
Respondents say they should only be required in certain situations as the system is not broken.
Smart Pension has absorbed more than 6,500 members from the Corporate Pensions Trust (CPT) after its trustees decided not to apply for authorisation.