The current time it takes for pension schemes to complete the wind-up process is "Dickensian", The Pensions Regulator says.
The Pension Protection Fund has successfully guided the first scheme through the assessment period using its ‘assess and pay' programme.
Schemes are continuing to reduce investment risk by shifting towards gilts and fixed interest and away from equities, data from the Purple Book reveals.
UK - The 6,653 schemes monitored by the Pension Protection Fund reported a surplus of £13.5bn ($21.8bn) at the end of last month, figures show.
The 6,653 schemes monitored by the Pension Protection Fund reported a surplus of £13.5bn at the end of last month, figures show.
UK - The Pension Protection Fund has recorded a £400m ($641.5m) surplus, compared with a £1.2bn deficit the year before, figures published today reveal.
The Pension Protection Fund has recorded a £400m surplus, compared with a £1.2bn deficit the year before, figures published today reveal
UK - The Wedgwood Museum could see its historic collection of antique pottery sold off by the Pension Protection Fund in a bid to pay off a £134m ($213.5m) scheme liability, an MP warns.
UK - Uniq and the pension scheme trustees have come up with a revised funding agreement that could see 90% of the company's equity handed to the trustees.
Uniq and the pension scheme trustees have come up with a revised funding agreement that could see 90% of the company's equity handed to the trustees.