‘Lack of consideration’ of the pandemic’s full impact is leading to overstating liabilities
Taylor Wimpey has said its defined benefit (DB) pension liabilities will increase by £16m following the High Court judgment to equalise guaranteed minimum pensions (GMP) for men and women.
All UK private sector defined benefit (DB) schemes saw a £10bn improvement in funding on a gilts plus basis last month, according to PwC's Skyval index.
Legal & General (L&G) has announced bulk annuity sales in the first half were £1bn lower than last year, but it expects another £7bn of deals in the second half.
Bulk annuity deals transacted by Just Group totalled £718m in the first half of this year compared to £296m in H1 2017, according to its latest results.
PA Consulting has completed a full buyout of its £850m scheme with Pension Insurance Corporation (PIC).
The latest ONS data on pensions offers a snapshot of the UK's pension entitlements. Victoria Ticha takes a look at what the numbers show.