Broadstone

Sector welcomes the additional clarity but warns ‘the devil will be in the detail’

Lifeboat fund’s index shows surplus increased to £263.8bn by the end of last month

Sirius Index shows growth-focused scheme funding level increased by 0.5% last month

BPA transaction fully secures the benefits of all 115 members of the scheme

Guidance issued after Pension Schemes Act passed into law

Comes ahead of interim Pensions Commission report which is due to be published this week

Broadstone says funding levels ‘remain volatile’ amid ‘uncertain’ economic backdrop

Lifeboat fund’s 7800 index shows surplus stood at £258.5bn as at the end of last month

Transaction secures the benefits of 16 deferred members and 24 pensioners

Offering will support ‘neglected’ trustees and sponsors with complex and high-cost schemes