PPF

The total deficit of schemes in the Pension Protection Fund (PPF) 7800 Index has fallen by more than a third since the record high of £367.5bn in January.

Dalriada Trustees has appointed former Pension Protection Fund (PPF) head of restructuring and insolvency Richard Favier as a trustee representative.

David Taylor has been made an executive director at the Pension Protection Fund (PPF) and will sit on the board.

An EU referendum would have serious implications for UK schemes

Premier Foods saw the deficit in its defined benefit pension schemes fall by almost two thirds in the 15 months to April, after its hedging strategy paid off handsomely.

The £14.4bn National Grid UK Pension Scheme is to sell its captive asset management business Aerion Fund Management.

Richard Pettit has been made partner at Burges Salmon, bringing the number of pensions partners at the firm to six.

Judges in the US and Canada have ruled Nortel's assets of $7bn (£4.5bn) should be equally distributed among its creditors, in what lawyers say is a victory for UK pensioners.

Defined benefit (DB) schemes are seeing little reduction in their size of deficit or length of recovery plan according to figures published by The Pensions Regulator.

Total deficits of defined benefit (DB) schemes in the Pension Protection Fund's (PPF) 7800 index fell 17% in April.