The collective deficit of FTSE 350 defined benefit (DB) pension schemes increased 91% last year, according to research.
PP looks at the complex set of deals that allowed TRW Automotive to shed more than £2.6bn in liabilities
Top stories on PP this week have included a potential £2bn windfall for sponsors, a complex £2.5bn buyout, a government U-turn on freedom and choice and calls for a drawdown fee cap. Here's what you might have missed.
The TRW Pension Scheme has secured a £2.5bn pensioner buyout with Legal & General (L&G) after a year-long liability management project involving pension increase exchange (PIE) and enhanced transfer value (ETV) exercises.
Mercer has appointed Ben Gunnee to UK head of fiduciary management to help grow the business.
PP looks at why trustees are coming under pressure over trapped surpluses and what they can do about it
Norbert Fullerton has been appointed partner in Mercer's in Financial Strategy Group (FSG) to help meet increasing client demand for sophisticated risk management solutions.
Local Government Pension Schemes (LGPS) would have been better off if they had left their portfolios untouched for the last decade instead of listening to investment consultants, research finds.
Defined benefit pension liabilities of FTSE 350 firms hit record highs in October as falling bond yields pushed them past £700bn for the first time.
PP looks at how asset managers and insurers are changing their offerings ahead of April