Funding ratio decreases to 148.5% with total assets at £1.456tn
Incoming chair says issue is the ‘defining challenge of our generation’
PP brings together all the appointments in the pensions industry over the past week
Funding ratio increased to 143.9% from 142.8% at the end of December, with 4,451 schemes in surplus
PPF 7800 Index found scheme deficits decreased by £2.1bn
The Pension Protection Fund’s (PPF) new tapered approach to its risk-based levy could provide a crucial short-term lifeline for struggling schemes hard-hit by Covid-19, the industry says.
Schemes need to get in place a "robust hedging strategy" to mitigate the impact of sudden falls in gilt yields, Buck has said.
Contributions are no longer sufficient to meet regular payments for three-quarters of small- to medium- sized defined benefit (DB) schemes, Buck analysis finds.