The combined defined benefit (DB) deficit increased by £16.2bn over December to £103.8bn on a section 179 basis, according to the Pension Protection Fund's (PPF's) latest update.
Over the month liabilities for schemes in the lifeboat fund's index increased by £42.2bn, while assets increased by £26.5bn. However, the funding ratio decreased from 94.7% at the end of November to...
A buyout tool which provides schemes with up-to-date pricing and comparisons between insurers has been launched by JLT Employee Benefits.
The DB white paper sets out plans to review the funding regime, with 'prudent' and 'appropriate' possibly redefined. But James Phillips asks if this could this signal a return to an MFR-like approach?
The trustees of GKN's pension schemes have agreed a package of mitigation measures that would improve funding to a "more prudent level" if Melrose's offer is accepted by shareholders next week.
While the new powers are welcome, most respondents doubt it will make a difference to the outcomes for members, Pensions Buzz respondents say.