The aggregate defined benefit (DB) funding level worsened in March, hitting its worst level since last August, the Pension Protection Fund (PPF) has said.
At the end of March, the universe of 5,588 schemes was funded to a 93.1% level, compared to 95.6% at the end of February. This is down from the 96.9% four-year high recorded at the end of January, and...
Life expectancy in the UK saw no improvement between 2015 and 2017 as the number of people aged over 90 hit a record high, latest Office for National Statistics (ONS) data reveals.
Self-administered pension funds spent £14bn on payments to pensioners in Q2 2018, but only received £11.4bn of contributions (net of refunds), latest Office for National Statistics (ONS) data reveals.
The Pensions and Lifetime Savings Association (PLSA) has named the 17 members of its inaugural policy board after a competitive application process with 60 candidates.