JLT

Asset managers have made considerable improvements in their gender pay gaps, with an average narrowing of 2.6 percentage points, Professional Pensions analysis finds.

Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the April 2019 estimates on the various measures…

JP Morgan Securities has reported the highest gender pay gap of any UK firm working with occupational pension schemes in 2017/18, PP analysis finds.

This week's top stories include Marsh & McLennan Companies' acquisition of JLT, and The Pensions Regulator authorising Legal and General's two master trusts.

Marsh & McLennan Companies (MMC), the parent company of Mercer, has completed the acquisition of JLT today for $5.6bn (£4.3bn).

This week's top stories included NEST applying to the regulator for authorisation, while Welplan announced plans to drop out of the master trust market.

The vast majority of JLT Employee Benefits' clients have moved to the new equalised basis since the consultancy enabled pension schemes to calculate transfer values to allow for guaranteed minimum pension (GMP) equalisation.

Defined benefit (DB) funding levels improved by just 40 basis points during January, according to JLT Employee Benefits.