News

The funding deficit of defined benefit (DB) schemes dropped almost 30% to £194.7bn over November, according to the Pension Protection Fund's (PPF) latest update.

The government has confirmed its much anticipated review into auto-enrolment (AE) will take place in 2017, and has revealed what it will cover.

A victory for trustees in a landmark High Court battle would result in employers being scared to agree to recovery plans, the lawyer for British Airways (BA) has argued.

Aon has appointed Neil Latham to its retirement and investment practice as a principal consultant in its defined contribution (DC) team.

Over £100bn has been transferred by the Origo Options Transfers service since it started eight years ago, driven by rising demand since Freedom and Choice.

The Environment Agency Pension Fund (EAPF) has made a £60m allocation to private debt fund Permira Credit Solutions III as it looks to capitalise on banks' withdrawal from lending.

The Airways Pension Scheme (APS) trustees were "entirely reasonable" when including £55m annual recovery payments and a £250m contingent payment in their discretionary increase framework, their lawyer has said.

Respondents in this week's Pensions Buzz see the BHS saga as a touchstone for fundamental issues at play in the pensions sector.

This week the High Court heard the BA trustees' actions led to corrosion of role and responsibility, while the industry welcomed plans to crack down on fraudulent transfers.

Policymakers must do more to boost basic financial literacy so people can make good decisions and adequately plan for their retirement.