PwC
DB funding - December 2019: Deficit halves as equities and gilts rally, says PPF
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the December 2019 estimates on the various measures…
Pension funding levels on the up
Pensions schemes are better funded now than this time last year, according to PwC’s annual Pension Scheme Funding Survey.
UPDATED: The UK's biggest pension consulting firms by revenue
PP has analysed the accounts of the biggest pension consulting firms and recorded the turnover (revenue) in their most recent accounts. The full leaderboard is below…
How wearables will disrupt life expectancy
There are a wide range of possible life expectancy disruptors. PwC's Paul Kitson looks at how one of these, wearables, could impact schemes.
DB funding - September 2019: Equities hide impact of stagnant gilts as PPF 7800 deficit falls
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the September 2019 estimates on the various measures…
BAE schemes team up with Schroders to acquire Sofitel at Gatwick
A joint venture between the BAE pension funds and Immobilien Europa Direkt has acquired the Sofitel at Gatwick North Terminal with the help of Schroders.
Allied Domecq agrees £3.8bn buy-in with Rothesay Life to take 2019 deals past £30bn
The Allied Domecq Pension Fund has insured £3.8bn of members’ benefits with Rothesay Life, in the market’s largest deal to cover both pensioner and deferred members.
DB funding - August 2019: PPF 7800 funding collapses as gilt yields and equity returns tumble
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the August 2019 estimates on the various measures…
Unhedged pension schemes face funding risks as yield curve inverts
Pension schemes that have not hedged their liabilities could face funding issues as long-dated bond yields have plummeted, industry experts have warned.
DB funding - July 2019: PPF 7800 records £39bn deficit increase as gilt yields plummet
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the July 2019 estimates on the various measures…
Exclusive: Clearance not recommended despite tougher regulator, say lawyers
More than three-quarters of pensions and restructuring lawyers believe the regulator's 'clearer, quicker, tougher' approach is having an impact on their clients, a PwC survey reveals.
DB funding - June 2019: 'Best estimate' surplus grows £14bn
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the June 2019 estimates on the various measures…
DB funding - May 2019: Best estimate funding level stagnant over May, says First Actuarial
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the May 2019 estimates on the various measures…
DB funding - April 2019: Bond yield growth boosts funding positions
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the April 2019 estimates on the various measures…
DB funding - March 2019: Best estimate funding level falls due to higher inflation expectations
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the March 2019 estimates on the various measures…
'Big four' must split audit and consultancy work, says CMA
PwC, KPMG, EY and Deloitte must break up their consultancy and audit businesses into distinct firms to provide greater focus on the "most challenging and objective audits", the competition watchdog has said.
Could surety bonds provide greater scheme security?
A rarely-used insurance product guarantees the payment of DRCs in the worst-case scenario. James Phillips asks if it is appropriate for DB schemes
January sees marginal boost for DB funding levels
Defined benefit (DB) funding levels improved by just 40 basis points during January, according to JLT Employee Benefits.
Exclusive: Lemonade launches DB member options service for schemes
Lemonade has launched a retirement service in a bid to help trustees and employers guide defined benefit (DB) members through their options.
DB funding improves by £18bn, says JLT index
The UK's 5,600 defined benefit (DB) schemes saw their funding positions improve by one percentage point over the course of November, according to JLT Employee Benefits.
Frank Field to meet Insolvency Service chief over BHS pre-sale audit
Work and Pensions Committee (WPC) chairman Frank Field will continue his probe of former BHS owner Sir Philip Green as he prepares to meet Insolvency Service chief executive Sarah Albon later this month.
PwC teams up with Moody's Analytics for IFRS 17 services
PwC and Moody's Analytics will collaborate on a range of technology, implementation and consulting solutions for actuarial and accounting systems.
Auditors' accountability to pension trustees faces CMA scrutiny
"Defective" company audits could mean millions of savers in pensions funds are "losing out", says the Competition and Markets Authority (CMA) as it launches a probe of the audit sector.
10 years after Lehmans: How schemes have fared
A decade on from the investment bank's collapse, James Phillips looks at the crisis' impact on the industry and where schemes are today.
