The combined pension deficit of FTSE 350 companies grew by £3bn to £32bn over July, according to Mercer's monthly funding tracker.
The consultant's index recorded assets at £826bn on the accounting measure, up from £818bn at the end of June, while assets had increased from £789bn to £794bn. The growth in liabilities was blamed on...
More needs to be done to speed up DB to DC transfers but, as Jonathan Stapleton says, more also needs to be done to protect members.
The Pensions Ombudsman (TPO) took on 2,566 early resolution cases in 2018/19 after onboarding a team from The Pensions Advisory Service (TPAS), according to its annual report and accounts.
The lifeboat fund is in a good position despite reserves taking a £0.6bn hit. But the ramifications of the EU judgment on member compensation is an area of concern for CEO Oliver Morley, writes Stephanie Baxter