News

The search has begun for a new chief executive of The Pensions Regulator (TPR) to replace Lesley Titcomb, who will step down in February next year.

The combined defined benefit (DB) deficit increased by £2.5bn over August to £65.3bn on a section 179 basis, according to the Pension Protection Fund's (PPF) latest update.

The government will not proceed with plans to aggregate pensions from multiple employers in a single defined benefit (DB) scheme when it is absorbed into the Pension Protection Fund (PPF).

The majority of defined benefit (DB) savers may sit in "well-run, larger schemes", according to The Pensions Regulator (TPR), but the watchdog has warned it will act on smaller schemes that are "lagging behind".

Alan Rubenstein and Marc Hommel are stepping down from their positions as chief executive and head of origination at The Pension Superfund, just six months after its launch.

The Pensions Regulator (TPR) is set to toughen its approach to single-employer defined contribution (DC) trusts and will pilot two initiatives to boost governance over the coming months.

The Universities Superannuation scheme (USS), Railways Pension Scheme (RPS), and Electricity Supply Pension Scheme (ESPS) are "at risk of breaching their fiduciary responsibilities", according to an Asset Owners Disclosure Project (AODP) report.

Sales in Pension Insurance Corporation's (PIC) bulk annuity business rose by 73% compared to the same period last year, its half-year results have revealed.

FTSE 350 companies are failing to disclose to stakeholders a range of important data about their defined benefit (DB) obligations, a Lincoln Pensions study finds.

All UK private sector defined benefit (DB) schemes saw a £10bn improvement in funding on a gilts plus basis last month, according to PwC's Skyval index.