Underfunded defined benefit (DB) pension schemes in the UK are over-dependent on historically improbable equity returns, analysis by Willis Towers Watson reveals.
Taylor Wimpey saw an actuarial loss on its defined benefit (DB) pension scheme of £8.9m in the year ending 31 December 2019, significantly lower than the £84.3m loss the year prior.
Forcing company bosses to join the same defined benefit (DB) schemes as their staff could protect pensions better than the threat of prison sentences for scheme mismanagement, Warwick Business School (WBS) has suggested.
The UK's 5,600 defined benefit (DB) schemes saw their funding positions improve by one percentage point over the course of November, according to JLT Employee Benefits.
The combined funding level decreased by just over four percentage points by the end of last month to 93.6%, according to the Pension Protection Fund's (PPF) latest update.
The trustees of the Kodak Pension Plan No.2 (KPP2) have said it will likely enter the Pension Protection Fund (PPF) in "due course" after reviewing the scheme's investment in Kodak Alaris.
The UK's 100 largest listed companies saw their combined defined benefit (DB) funding level fall by 80 basis points during August, according to JLT Employee Benefits.
All 6,000 UK schemes had a surplus of £361bn by the end of last month when calculated under a best estimate return on their assets, according to First Actuarial.
The combined deficit of FTSE 350 defined benefit (DB) schemes fell to £72bn in the first quarter of 2018, according to Mercer's pensions risk survey.
GKN has reached an agreement with its scheme trustees as part of a $6bn (£4.3bn) proposal to merge its Driveline businesses with Dana Incorporated.