Defined benefit (DB) schemes saw a £21.1bn growth in their funding shortfall last month as both gilt yields and equities suffered falls, according to the Pension Protection Fund (PPF).
On the section 179 measure, the aggregate deficit of the UK's 5,588 DB schemes was £72.1bn as of 28 February, compared to £51bn at the end of January. The value of assets fell by £8bn while liabilities...
The Pensions Regulator (TPR) has set out plans to use "new regulatory initiatives" with over 1,000 schemes as it aims to tighten its regulatory grip and boost member outcomes.
HM Revenue and Customs (HMRC) has announced it is delaying the provision of data that will enable pension schemes to confirm the guaranteed minimum pension (GMP) benefits to pay to members until the end of the year.
This week's top stories include an article on climate activists from Extinction Rebellion crashing the PLSA's local authority conference, and an in-depth piece on the Court of Appeal's ruling on the BIC UK Pension Scheme case.
Engagement in pensions is rising but there are still a number of barriers to overcome. Natanje Holt looks at the key issues that need to be tackled