The Pension Protection Fund has confirmed its levy determination for 2018/19 - fixing the levy estimate at £550m.
This compares to the levy estimate of £615m for 2017/18 - meaning the 2018/19 estimate is just over 10% lower. The PPF said the levy scaling factor and the scheme-based levy multiplier will be 0.48...
In this week's Pensions Buzz survey, we want to know whether or not you agree with Lord Myners' opinion that asset owners, such as pension funds, are substantially to blame for short-termism in business.
A typical defined benefit (DB) scheme was able to meet 92.9% of its accrued pension rights as of 30 September, according to Legal & General Investment Management (LGIM).
The combined funding level decreased by just over four percentage points by the end of last month to 93.6%, according to the Pension Protection Fund's (PPF) latest update.