The combined funding level of the UK's 5,450 defined benefit (DB) schemes increased by 60 basis points (bps) over January, latest Pension Protection Fund (PPF) data reveals.
The lifeboat's monthly update for last month revealed the aggregate deficit had fallen from £31.9bn to £23.1bn on a section 179 basis used to calculate PPF benefits over the month. Assets increased...
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Alan Pickering says politicians should have the freedom to redefine what is meant by 'absolute'
This week's top stories included Cardano announcing plans to acquire Now Pensions from a Dutch pension fund later this year.
Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.