News

Defined benefit (DB) pension funds are increasingly under pressure to put in place dividend-sharing mechanisms as the regulator seeks to address the disparity with deficit contributions.

Pension deficits at the UK's 350 largest listed companies fell by £27bn over the 18 months to June on an accounting basis, according to Barnett Waddingham.

The Prudential Insurance Company of America (PICA) has agreed to assume approximately £1bn of pension liabilities from Aviva's bulk annuity business.

John Howard has been appointed founding chairman of the Transparency Task Force's (TTF) newly-formed advisory board.

A petition urging the government not to scrap its support for the pensions dashboard has attracted more than 125,000 signatures since its launch some three weeks ago.

Prudential has secured an additional 13% of sales in its retirement business, but corporate pension sales fell marginally from £286m to £275m.

The Pensions Regulator (TPR) has warned schemes that making future changes to benefits or structures could cause them to become subject to its master trust regime.

The University of Manchester is consulting on closing its non-academic staff final salary fund to future accrual and enrolling new recruits into a defined contribution (DC) scheme.

The £43bn Border to Coast Pensions Partnership has become the third local government pool to sign up to the cost transparency code.

An individual transferring a £230,000 defined benefit (DB) pension could lose up to seven years of retirement income if they draw a fixed sum of £10,000 a year, according to XPS Pensions Group research.