News

In this week's Pensions Buzz, we want to know if you agree with comments made by the Pensions and Lifetime Savings Association, and whether the pensions dashboard is still on track.

The combined deficit of the UK's private sector defined benefit (DB) schemes fell by 40% to £78bn on an accounting basis during April, JLT Employee Benefits analysis has revealed.

The Pension Protection Fund (PPF) has appointed Chris Cheetham and Emmy Labovitch to its board as non-executive directors.

The prospect of public sector workers losing some of their pension because of mistakes made by the government is "disgraceful", the Liberal Democrat work and pensions spokesman says.

The FSCS has cited the growing number of claims relating to defined benefit (DB) pension transfers as the main reason for the lifeboat scheme's levy for this year being a fifth higher than it forecast in January.

Allen & Overy has promoted Andy Cork to partner and Jason Shaw to counsel in its London pensions team.

The Institute and Faculty of Actuaries (IFoA) has appointed Annette Spencer as director of public affairs and research, and Sarah Sim as director of market development.

Regulation aimed at improving the governance of occupational pension schemes has left the sector "regulated to the lowest common denominator" with a "prescriptive and micro-managerial approach".

Obligation for the Asda defined benefit (DB) pension scheme will not be shared between Walmart and J Sainsbury following the merger of their two supermarket businesses, it has been confirmed.

Some 39% of people over the age of 50 are not willing to take any investment risk with their pension savings, Retirement Advantage research finds.