Defined benefit (DB) funding levels improved by just 40 basis points during January, according to JLT Employee Benefits.
It said that, on an accounting basis, the combined deficit of all UK private sector DB schemes fell by £5bn to £102bn over the month. While assets grew by £33bn to £1,560bn, liabilities climbed by a...
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