Raj Mody

Deficits could fall by hundreds of billions of pounds if the six-year stall in life expectancy improvements becomes a long-term trend. However, there is a risk of taking too much notice of short-term changes, writes Stephanie Baxter.

Schemes could see huge reductions in their liabilities on a funding basis if the recent slowdown in life expectancy improvements becomes a long-term trend, according to PwC.

The government's admission there is a case to suspend indexation for certain underfunded defined benefit (DB) schemes has been welcomed by some while others warn it would open the floodgates.

Companies will need to set aside an extra £10bn every year for the next decade in order to fix the growth in defined benefit (DB) deficits over 2016, according to PwC.

What were the most read opinion pieces on Professional Pensions over the last 12 months? Here are some of the top pieces from our commentators during the year.

PwC has appointed a new partner in its pension consulting business to lead the firm's focus on strategy and implementation advice to trustees of large defined benefit schemes.

The biggest stories on PP were Pirelli's £600m longevity swap, how trustees could get sued over excessive charges, and four insurers to enter bulk annuities market by 2021. Here are the top five.

The total deficit for defined benefit (DB) schemes reached £710bn on a funding basis by 29 August amid further falls in gilt yields.

Raj Mody says we need to take a different approach to tackling the crisis in pensions.

Leo Ring and Hannah Carter have joined PwC's pension and investment consulting team following the appointment of Nikesh Patel, who joined from BlackRock earlier this year.