The Universities Superannuation Scheme (USS) saw its deficit fall by £3.9bn on a technical provisions basis over a one-year period, its latest valuation reveals.
On a technical provisions basis, the beleaguered scheme had a £3.6bn deficit as of 31 March 2018, compared to the £7.5bn figure reported for the same date in 2017. The latest figure came as the scheme's...
The Co-operative Group's Somerfield Pension Scheme has completed a buy-in with Pension Insurance Corporation (PIC), insuring the benefits of its pensioner members.
Caroline Rookes CBE and Michele Hirons-Wood have joined The Pension Superfund's board of trustees to focus on maintaining governance standards and safeguarding member benefits.
The first specialist independent firm advising pension schemes on bulk annuities or moving to a consolidator has been set up with ambitions to shake up the market.