Total deficits of UK defined benefit (DB) schemes reached an all-time high of £341bn by the end of June amid uncertainty over Brexit, according to JLT Employee Benefits.
The combined deficit of UK defined benefit (DB) pension schemes has hit £900bn following Britain's historic decision to leave the EU.
Introducing greater flexibilities for defined benefit (DB) members should be a serious legislative consideration for the government according to Broadstone technical director David Brooks.
While moving to CPI indexation can significantly reduce scheme liabilities, it can make buy-ins and buyouts more expensive. Kristian Brunt-Seymour finds pricing has slightly improved but still has a long way to go
Pension Insurance Corporation (PIC) has invested £100m in infrastructure debt secured on the Thames Tideway Tunnel.
CH2M has warned criticism from the Halcrow Pensioners Association (HPA) over its rescue plan for the Halcrow scheme goes against the best interests of members.
The ICI Pension Fund has completed a £630m buy-in covering over 4,000 of its members with Scottish Widows.
Proposed plans to curb Halcrow Pension Scheme (HPS) benefits have been called into question by the Halcrow Pensioners Association (HPA).
CH2M has announced proposed plans to curb benefits for the 3,300 members of the beleaguered Halcrow Pension Scheme (HPS).
The Halcrow Pensioners Association (HPA) says The Pensions Regulator (TPR) could have done more to help prevent the scheme's spiralling pension deficit.