The funding deficit of defined benefit (DB) schemes dropped almost 30% to £194.7bn over November, according to the Pension Protection Fund's (PPF) latest update.
Tata Steel UK has agreed with unions to start consulting on closing the British Steel Pension Scheme (BSPS) and replacing it with a "competitive" defined contribution (DC) arrangement.
The Pension Protection Fund (PPF) has put into effect changes to actuarial assumptions used in sponsor insolvencies and to calculate risk-based levies.
Defined benefit (DB) trustees should make greater use of the flexibilities within regulations, The Pensions Regulator's (TPR) chief executive has said.
The Department for Work and Pensions (DWP) will consider giving The Pensions Regulator (TPR) additional powers should they be needed, pensions minister Richard Harrington says.
The Pensions Regulator (TPR) needs to be “strong, decisive and influential”, its chief executive Lesley Titcomb has said.
Private assets are helping some schemes significantly outperform their peers. Jonathan Stapleton asks why UK schemes are not investing more in this asset class
The Pensions Regulator (TPR) needs more funding and staff rather than a larger suite of powers, the Work and Pensions Committee (WPC) has been told.
The Pensions Regulator (TPR) and the Pension Protection Fund (PPF) have both called for the watchdog to have stronger and more punitive regulatory powers.
The aggregate funding deficit of defined benefit (DB) schemes in the Pension Protection Fund's (PPF) 7800 Index fell over September as gilt yields rose.