The combined defined benefit (DB) deficit has reached another all-time high on the back of further gilt yield falls following setbacks in the central bank's bond buying programme.
The Bank of England's latest bond-buying programme has hit a wall on its second day of operations as investors refuse to sell their long-dated government bonds.
As deficits soared following the Bank of England's rate cut and stimulus package, the future for DB looks even more challenging. A major re-think is needed to avert a pensions crisis, writes Stephanie Baxter
The Pensions and Lifetime Savings Association (PLSA) has called for the Pensions Regulator (TPR) to "take a proportionate and flexible approach" to defined benefit (DB) scheme funding.
Defined benefit liabilities have risen by an eye-watering £70bn on the back of the Bank of England's (BoE) decision to cut interest rates and launch a new round of quantitative easing (QE).
A round-up of the key points after yesterday's rate cut by the Bank of England, and the introduction of what one economist dubbed its "bazooka surprise".
This week's top stories were about speculation over a ban on defined benefit (DB) transfers, the Bank of England's interest rate cut, and the closure of advisory firm City Noble.
The Bank of England's decision to cut interest rates for the first time in seven years will keep gilt yields lower for longer, increasing scheme deficits which are already at record highs.
Total deficits of UK defined benefit (DB) schemes have reached an all-time high for the sixth month in a row, according to JLT Employee Benefits.
Master trusts should be approved under a strict licensing regime policed by The Pensions Regulator (TPR), says Adrian Boulding.