Deficits

Department store John Lewis has cut more than £330m from its defined benefit deficit this year, half year results reveal.

The aggregate funding position of the 6,653 schemes in the Pension Protection Fund's 7800 index worsened to a deficit of £53.5bn at the end of August.

The trustees of the £20bn Royal Mail Pension Plan have tabled a 38-year deficit reduction plan to The Pensions Regulator, the Hooper report reveals.

The government should take responsibility for the Royal Mail's £8bn pension deficit, Richard Hooper says.

The future of EMI is in "significant doubt" after the employer and scheme trustees failed to reach agreement over funding arrangements for its pension deficit.

UK - More than a third of FTSE100 firms cannot plug their pension scheme deficits using current discretionary cash flow, KPMG warns.

More than a third of FTSE100 firms cannot plug their pension scheme deficits using current discretionary cash flow, KPMG warns.

Santander UK has suffered a near 50% increase in its total defined benefit scheme deficit in the first six months of this year, half year results reveal.

Employees at AstraZeneca will strike on three dates in September in a row over cuts to the pension scheme, GMB says.

UK/Global - Employees at AstraZeneca will strike on three dates in September in a row over cuts to its UK pension scheme, GMB says.