Raj Mody

Schemes must be on their guard as trapped surpluses become a clear and present danger.

Pension schemes have been “shoehorned” into valuing liabilities against gilts, creating a “herd mentality” that does not reflect scheme funding accurately, says PwC.

What were the most read analysis articles on Professional Pensions over the last 12 months? Here are the top stories of the year

Raj Mody says cyber security will become a prevalent issue, while blockchain will move front and centre for the industry

As the trustee meeting schedule starts again, Raj Mody says now is a good time to review and update contract terms in light of the FCA's study

Raj Mody says trustees and sponsors must get a handle on the issue of life expectancy assumptions.

Deficits could fall by hundreds of billions of pounds if the six-year stall in life expectancy improvements becomes a long-term trend. However, there is a risk of taking too much notice of short-term changes, writes Stephanie Baxter.

Schemes could see huge reductions in their liabilities on a funding basis if the recent slowdown in life expectancy improvements becomes a long-term trend, according to PwC.

The government's admission there is a case to suspend indexation for certain underfunded defined benefit (DB) schemes has been welcomed by some while others warn it would open the floodgates.

Companies will need to set aside an extra £10bn every year for the next decade in order to fix the growth in defined benefit (DB) deficits over 2016, according to PwC.