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...
PTL has appointed Karein Davie as a client director in its Birmingham office.
The level of interest rate hedging increased to £29.5bn of liabilities in the second quarter as pension funds continued to de-risk, according to BMO Global Asset Management's research.
UK inflation has risen for the first time since November to 2.5% in July, up from 2.4% in June, thanks to rising fuel costs and the price of computer games.
The number of DB pension scheme trustees targeting a buyout with an insurer has increased significantly in the past five years, latest research from Willis Towers Watson shows.