First Group

First Group has reported an increase in its pension deficit in the first half of the year, but says trading is “in line with expectations”.

First group reward and pensions director John Chilman (pictured) says increased member engagement will be necessary in order for individuals to choose the most appropriate default option.

Funds aiming for buyout are targeting a "false objective" that constrains allocation to illiquid assets, Russell Investments managing director of client strategy and research Sorca Kelly-Scholte says.