News

The combined deficit of the UK's defined benefit (DB) schemes rose by £40bn over August, according to the Pension Protection Fund's (PPF) latest index.

Up from 2.6%

A regulated apportionment arrangement (RAA) has been conducted for the British Steel Pension Scheme (BSPS) after no appeals were lodged since it was agreed in principle last month.

Deborah Gudgeon has been appointed a senior adviser at Penfida where she will help develop the business.

Brunel Pension Partnership (BPP) is looking for a head of private markets to directly invest the pool in real estate, infrastructure, private equity, and debt.

The UK pension system is unfair on young people and the self-employed, a poll by the Society of Pension Professionals (SPP) has said.

The Financial Conduct Authority (FCA) has confirmed the 20 members and four observer organisations of its Institutional Disclosure Working Group.

The age when members can access pension pots should rise in line with increases to the state pension age to keep a 10-year gap.

The government has confirmed it will implement the reduction of the money purchase annual allowance (MPAA), originally due to take effect in April, retrospectively.

Gregg McClymont has been appointed to senior positions at the Pensions Quality Mark (PQM) and the Financial Conduct Authority's (FCA) working group on institutional transaction costs.