UK - The aggregate funding position of the 6,653 schemes in the Pension Protection Fund's 7800 index worsened to a deficit of £53.5bn ($82.6bn) at the end of August.
The aggregate funding position of the 6,653 schemes in the Pension Protection Fund's 7800 index worsened to a deficit of £53.5bn at the end of August.
The Pension Protection Fund has contracted Club Vita to provide longevity services for the schemes it controls.
Another six pension schemes have been admitted to the Pension Protection Fund.
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The Pension Protection Fund has unveiled details of a long-term funding strategy to be financially self-sufficient by 2030.
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The aggregate funding position of the 6,653 schemes in the Pension Protection Fund's 7800 index improved to a surplus of £6.6bn at the end of July.