FTSE

Ali Toutounchi has been appointed a trustee of Legal & General's (L&G) master trust as well as a member of its independent governance committee (IGC).

Defined benefit schemes in the FTSE 100 increased their total bond allocation to a record £330bn by the end of 2015.

Investors flock to cash and bonds

FTSE100 companies overall scheme deficits have reduced by over £15bn according to Barnett Waddingham's annual Accounting for Pension Costs by FTSE100 Companies report.

Total deficits of defined benefit (DB) schemes exceeded £300bn for the first time in May reaching record levels, according to JLT Employee Benefits.

Redington has hired Jinesh Patel as vice president of its defined contribution (DC) and financial wellbeing consulting practice.

Bond allocations for defined benefit (DB) pension schemes in the FTSE 100 have soared from 49% to 59% of total assets in just six years.

The Kingfisher Pension Scheme has undergone a £230m medically underwritten buy-in with Legal & General (L&G) in a landmark deal for the bulk annuity market.

Total funding levels of defined benefit (DB) schemes in the Pension Protection Fund (PPF) 7800 have continued to fall against a backdrop of market volatility and falling gilt yields.

Total funding levels of defined benefit (DB) pension schemes have improved since January despite volatile markets and low interest rates, according to JLT Employee Benefits.