PPF

Jonathan Stapleton on DB's lengthy demise

UK - Trustees of the Morris Ashby Limited Pension Scheme have completed a £38m ($61.1m) buyout deal with Pension Insurance Corporation removing its liabilities from the Pension Protection Fund.

Trustees of the Morris Ashby Limited Pension Scheme have completed a £38m buyout deal with Pension Insurance Corporation removing its liabilities from the Pension Protection Fund.

The alarm over funding position volatility since July could have been avoided if schemes measured liabilities based on inflation rather than gilt yields, an actuary believes.

The importance of properly identifying a scheme's statutory employer is critical and The Pensions Regulator's statement on the issue was not hard hitting enough, a lawyer says.

UK - An independent model of the Pension Protection Fund 7800 index shows the collective scheme deficit has plummeted £80bn over the past two weeks - equivalent to about £8bn ($13bn) every day.

An independent model of the Pension Protection Fund 7800 index shows the collective scheme deficit has plummeted £80bn over the past two weeks - equivalent to about £8bn every day.

UK - Aggregate deficits of schemes monitored by the Pension Protection Fund worsened last month, increasing to £67.3bn ($109bn) from £8.3bn at the end of June.

Aggregate deficits of schemes monitored by the Pension Protection Fund worsened last month, increasing to £67.3bn from £8.3bn at the end of July.

The Pensions Action Group supports Lord McFall's conclusions but said its members had already lived by many of his recommendations and still financially lost out.