News

The latest set of financial results from FTSE companies has re-ignited the debate over smoothing discount rates as strong asset returns were wiped out due to falls in discount rates.

National Express has seen its schemes' overall deficit increase more than ten times despite securing a buy-in for one of its three schemes.

AkzoNobel has slashed deficit recovery plans for its main UK schemes by almost €500m (£440m) over the last year as part of a strategy to cut costs and improve returns.

Water, electricity and gas companies are moving their actuarial valuation dates in a bid to include pension costs in consumer pricing reviews, PP has learnt.

Trustees of defined contribution schemes must do more to help members purchase retirement income products at the end of their careers, experts warn.

Centrica has set up an £84m funding structure backed by loans to other companies in the group in a bid to plug its defined benefit deficit.

European schemes expect governance demands to escalate and investment decisions to become increasingly complex over the next five years, according to research from State Street Global Services.

ITV's scheme deficit rose from £390m to £551m over 2012 as a falling discount rate continued to inflict pain on the broadcaster's balance sheet.

Aon Hewitt has appointed Dan Morris to its investment consulting team.

Equiniti is set to completely rebrand its remaining Xafinity products under the parent company's name.