The deficit of schemes in the Pension Protection Fund (PPF) 7800 index has more than doubled year-on-year, the latest data has shown.
Pension fund trustees are increasingly responsible for managing risk, but lack the skills to do, according to research by a pension consultancy.
The main economic risk to pension schemes is a spike in inflation, according to Barnett Waddingham.
Ladbrokes has begun a consultation into closing its defined benefit (DB) pension scheme to future accrual.
Barnett Waddingham has expanded its investment consultant team to 40 with the appointments of Rebecca Carse and Simon Cohen.
Defined benefit (DB) trustees should consider increasing the transfer values they offer to members in light of the upcoming liberalisation of defined contribution (DC) regulation, according to Mercer.
So as expected the Treasury's response to the Budget consultation will allow transfers from private sector DB schemes to DC.
Barnett Waddingham has unveiled an online valuation tool targeted at trustees and employers to help them comply with the updated defined benefit (DB) code of practice.
The trustee of the Honda Group UK Pension Scheme has appointed Punter Southall to provide actuarial services from its Bristol office.
The value of assets in workplace defined contribution (DC) pension schemes is likely to surpass those of defined benefit (DB) by 2036 if auto-enrolment (AE) opt-outs remain low, research has found.