JLT Employee Benefits

The disparity in the investment performance of the UK's top 10 defined contribution (DC) default funds is so large that savers in the best and worst funds are seeing a difference in annualised returns of nearly 50%, JLT research reveals.

JLT Employee Benefits has made two senior appointments to boost its investment consulting and fiduciary management proposition, including hiring Mercer's head of investment consulting.

Changing third-party administrators can cause all sorts of issues, including loss of data. Michael Klimes looks at examples of poor transitions and asks if it is a widespread problem

The PLSA's DB taskforce has released more details about its suggested scheme consolidation route, but questions remain about how it would work in practice. James Phillips reports

The collective deficit of defined benefit (DB) schemes decreased by £40bn to £420bn over July, according to PwC's monthly Skyval index.

All UK private sector DB schemes saw a £50bn improvement in funding levels on a funding measure in June, according to PwC's Skyval index.

The private sector's defined benefit (DB) deficit under IAS 19 remained relatively stable over May with the shortfall increasing by just £1bn, but a different measure showed a £20bn fall.

The combined funding level of the UK's defined benefit (DB) schemes stayed stable over April with just a £10bn increase in deficit, JLT Employee Benefits has estimated.

This week's top stories included the ombudsman's ruling that wording in the Local Government Pension Scheme rules did not allow it to retain a fraudster's pension.

Harry Harper has been appointed head of buy-ins and buyouts in the investment consulting division of JLT Employee Benefits.