Deficits

Premier Foods is the latest company to be linked with a big-money longevity swap deal as it seeks to offload £2bn of longevity risk from its Rank Hovis McDougall pension scheme.

UK - Premier Foods is the latest company to be linked with a big-money longevity swap deal as it seeks to offload £2bn (US$3.1bn) of longevity risk from its Rank Hovis McDougall pension scheme.

Almost 1200 defined benefit schemes closed to existing members between 2000 and 2008, data from the Purple Book reveals.

The number of schemes putting contingent assets in place jumped by 30% to 587 in 2009/10, data from the latest Purple Book reveals.

UK - The number of schemes putting contingent assets in place jumped by 30% to 587 in 2009/10, research from the Pension Protection Fund and The Pensions Regulator revealed.

The Local Government Pension Scheme's deficit could swell to £60bn this year if current trends continue, research from the Liberal Democrats reveals.

UK - The Local Government Pension Scheme's deficit could swell to £60bn (US$97.8bn) this year if current trends continue, research from the Liberal Democrats revealed.

BSS is suing Aon Consulting over claims it overestimated the firm's defined benefit scheme net deficit by almost £17m.

Aggregate scheme funding improved by £60.1bn in December 2009, latest figures from the Pension Protection Fund reveal.

Aggregate scheme funding improved by £60.1bn (US$97.1bn) in December 2009, latest figures from the Pension Protection Fund revealed.