The combined deficit of the UK's private sector defined benefit (DB) schemes fell by 40% to £78bn on an accounting basis during April, JLT Employee Benefits analysis has revealed.
At the end of the month, the consultancy's monthly index said DB assets totalled £1.5trn while liabilities fell to £1.6trn, resulting in an overall funding level of 95%, up three percentage points since...
This week's edition of Professional Pensions is out now.
Nearly 60% of UK employers consider defined contribution (DC) master trusts to be the "most suitable" pension fund for their employees, according to research by Buck.
Companies which have tried to dodge their pension duties by changing their identities are being "hunted" by The Pensions Regulator (TPR) in a crackdown on non-compliance with auto-enrolment (AE).
Removing liquidity restrictions would enable DC funds to capitalise on the potentially higher and safer returns that DB schemes have benefitted from, says Patrick Marshall.