US/UK - Deficits for US and UK pension funds have rocketed over the past one to two months as schemes were hit by the double whammy of falling interest rates and dropping equity values.
The aggregate funding position of PPF-eligible defined benefit schemes worsened by £24bn in May due to a slump in equity markets and shifts in gilt yields, figures released today show.
The Heath Lambert Group Pension Plan has finally entered the PPF after five years in the lifeboat's assessment period.
Sebastian Cheek asks whether The Pensions Regulator has the power to intervene in overseas cases
US/UK - The trustee of the Visteon UK Pension Plan and the Pension Protection Fund are withdrawing a US$550m (£350m) claim against Visteon Corporation.
The trustee of the Visteon UK Pension Plan and the Pension Protection Fund are withdrawing a US$550m (£350m) claim against Visteon Corporation.
The defined contribution assets of a scheme in the Pension Protection Fund assessment period have been transferred to the Spinnaker Master Trust.
Gary Delderfield of Eversheds looks at the difficult legal issues involved with the insolvencies of private contractors for local authorities, with regards to the pension rights of their employees
The aggregate funding position of the 7400 defined benefit pension schemes monitored by the Pension Protection Fund worsened to a deficit of £2.2bn last month.
The funding position for private sector defined benefit schemes is £95bn worse off than this time last year, according to Pension Capital Strategies.