The Bank of England's (BoE) decision to increase interest rates for the first time in over a decade has been welcomed by the industry, yet the move will only be "symbolic" for most defined benefit (DB) schemes.
This week's top stories included the Trades Union Congress calling for collective defined contribution schemes after finding a bad year of investment performance a year before retirement can leave savers £5,000 a year worse off.
Follows rising inflation and GDP
90% chance of rate hike priced in
The combined funding position of the UK's defined benefit (DB) schemes improved by £50bn over October, PwC analysis suggests.
Fell almost 0.5% on Tuesday
Hedging appetite fell during the second quarter of this year as a lack of index-linked gilt supply continued to bite, BMO Global Asset Management has said.
Unchanged from previous month
Interest rates may increase faster in the future than financial markets have priced in, the Bank of England's (BoE) deputy governor has said.
Brexit-related uncertainty and low bond yields have weakened the UK's retirement system, with the nation slipping in 2017 global rankings for retirement security.