PPF

UK - European Commission proposals for an adjusted version of Solvency II standards for pension schemes could cost Britain £500bn if they are implemented, the Confederation for British Industry has warned.

Bridge Trustees is considering taking a test GMP equalisation case to the European Court of Justice to clarify how the issue should be tackled, PP has learned.

The Pension Protection Fund has recruited six global tactical asset allocation managers as part of its statement of investment principles announced earlier in the year.

A small engineering firm racked with bank debts and a £10m buyout shortfall was saved from insolvency after trustees agreed a complex debt-for-equity swap, PP has learned.

Corporate pension schemes could face a deficit of £362bn at the end of the year, Xafinity Corporate Solutions predicts.

Towers Watson investment head says UK pension landscape is ‘littered' with small inefficient schemes

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