International accounting standards for listed companies are riven by faultlines that are damaging for business, according to a group of UK pension schemes and long-term investors.

The aggregate deficit of the Pension Protection Fund (PPF) 7800 Index increased in July from £109.0bn to £122.7bn, according to figures released by the lifeboat fund.

Most schemes plan to offer members more help at retirement than is proposed under the government's guidance guarantee, according to research carried out by Mercer.

Proposals to change how companies account for surpluses in their pension schemes could knock £25bn off the balance sheets of Britain's biggest companies, a consultant has claimed.

Working people in the UK who are not saving enough for retirement number 11.9 million, according to research from the Department for Work and Pensions (DWP).