The trustees of defined benefit pension funds could receive more than £100bn in deficit reduction payments from their corporate sponsors over the next three years, or 13% of UK corporate cash holdings, according to a survey of more than 170 trustees and pension professionals, representing...
Defined benefit pension liabilities on the schemes of 40 of the UK's largest charities total almost £5bn, as calculated on an FRS 17 basis, according to the May edition of Charity Finance magazine. Backing these liabilities are pension scheme assets of around £4.2bn, resulting in an...
The Pensions Regulator has made a Financial Support Direction requiring ITV to provide support for the Boxclever Group Pension Scheme, which has a deficit of £62m.
The Box Clever joint venture was set up in 2000 as a merger of the declining Granada and Thorn TV rental businesses.
Box Clever...
The aggregate deficit of the 6,533 schemes in the Pension Protection Fund (PPF) 7800 index is estimated to have increased over the month to £255.2bn at the end of December 2011, from a deficit of £222.1bn at the end of November. The funding ratio fell from 81.9% to 80.0%.
Total assets...
The combined pension deficits of Britain’s biggest companies plummeted by almost two thirds in the past year according to the 18th annual LCP Accounting for Pensions report, published today, reveals that the aggregate FTSE 100 pension deficit now stands at £19bn, down from £51bn...
Companies are overpaying into defined benefit pension schemes, with funding targets more than 10% higher than necessary, according to research by PwC. Across corporate UK, the level of overpayments could total at least £5bn a year.
Outmoded ways of calculating the contributions needed to...
UK pension schemes have fared relatively well over the past year according to the KPMG Pensions Accounting Survey 2011.
Most UK companies saw pension balance sheets improve over 2010, with strong asset returns more than offsetting slightly tighter real discount rates. Industry...
New proposals to create a harmonised funding regime for pension schemes throughout the European Union could force UK employers to pay off deficits more quickly, according to Towers Watson.
The European Commission has told the European Insurance and Occupational Pensions Authority (EIOPA) that...
Private sector pension schemes have a deficit of £63bn (2010 £156bn) according to JLT Pension Capital Strategies (PCS) as at 31 March 2011. Total pension fund assets are £993bn (2010 £928bn) while liabilities are £1,056bn (2010 £1,084bn) and the funding level...
The Pension Protection Fund (PPF) and the Pensions Regulator) today published the latest version of the Purple Book which is required reading for all pensions professionals.
This is the fifth edition of the publication which highlights trends in defined benefit pension schemes and focuses on...
The aggregate balance of the 6,653 schemes in the Pension Protection Fund 7800 index has improved over the month to an estimated surplus of £13.5bn at the end of October 2010 from a deficit of £20.4bn at the end of September.
Total assets were £967.1bn and total liabilities...
Of the top 5,000 UK charities, 522 have a pension liability totalling £1.66bn. Charities operating pension schemes may have to plug this hole from other income sources (including donations) to ensure that all scheme members are provided for during retirement.
It appears that charities that...
