JLT

Mizuho Capital Markets has offloaded its hybrid pension fund through a transfer exercise and ultimately a buyout with Legal & General (L&G), following a corporate reorganisation.

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.

Private sector pension deficits have stabilised as markets show resilience, but are still more than double what they were 12 months ago.

JLT Group's revenue growth for 2016 was slightly hampered by poor performance from its UK and Ireland employee benefits arm in the first half.

This week's top stories included reports that the Pensions Regulator and Sir Philip Green may be close to a deal over the BHS pension schemes.

Sponsoring employers are being too cautious amid low interest rates and missing out on advantageous de-risking opportunities, according to analysis by JLT Employee Benefits.

JLT Employee Benefits and Alpha FMC have been chosen to help develop the business case for the Brunel Pension Partnership (BPP) investment pool.

This week's biggest stories were the introduction of the LISA bill, the Pensions Regulator urging trustees to wake up to ESG risks, and shareholder rebellions at Sports Direct and ExxonMobil AGMs.