interest rates

The estimated transfer value quote for the average defined benefit (DB) member stayed fairly stable over November, according to Xafinity.

The aggregate deficit of the UK's defined benefit (DB) schemes rose to £450bn over the course of November, PwC's Skyval index has recorded.

Respondents believe another rate rise is question of when, not if.

The Bank of England has raised rates for the first time in 10 years on a gradual path towards normalisation. Stephanie Baxter explores whether this will give schemes a reprieve from low yields

The Bank of England's (BoE) decision to increase interest rates for the first time in over a decade has been welcomed by the industry, yet the move will only be "symbolic" for most defined benefit (DB) schemes.

This week's top stories included the Trades Union Congress calling for collective defined contribution schemes after finding a bad year of investment performance a year before retirement can leave savers £5,000 a year worse off.

Follows rising inflation and GDP

90% chance of rate hike priced in

The combined funding position of the UK's defined benefit (DB) schemes improved by £50bn over October, PwC analysis suggests.

Fell almost 0.5% on Tuesday