Deficit of UK Defined Benefit Plans Balloons in May
Aggregate deficit of the PPF 7800 increased more than tenfold to £69.9 billion.
Tag: Pension Protection Fund
Philip Green Wins Support from Regulators for Arcadia Rescue Plan
Regulators satisfied with £385 million package despite demanding £25 million more.
UK Corporate Pension Deficit Nearly Triples in October
Aggregate deficit of PPF 7800 balloons to £107.7 billion as funding level drops 4.1%.
UK DB Pensions Increase to 97.7% Funded
Aggregate deficit of nearly 5,600 plans plunges more than 65% in August.
Legal & General in $3.14 Billion Deal to Take Over Nortel Pension Plan
Bulk annuity buyout frees fund from British pension rescue agency.
European Court Rules UK Pension Compensation Cap Unlawful
Ruling expected to cause ‘administrative difficulties’ for UK’s Pension Protection Fund.
Corporate Moves
Pension Protection Fund Founder to Become Clara’s First Chair
Lawrence Churchill will act in a ‘non-executive capacity’ for the start-up DB consolidator.
Britain’s Public Equity Boosts Pension Protection Fund’s Ratio
Benefits lifeboat took on highest total obligations in Carillion, Toys R Us, and Hoover liabilities.
Corporate Moves
Britain’s Pension Protection Fund Names Risk Officer, Head of ESG
New CRO comes off of an eight month career break following 21 years at insurer.
UK Pension Funding Level Rises 2% in April to 95.1%
Aggregate funded level of 5,588 pensions increased 5.6% over the past 12 months.
UK Pension Protection Fund Cap Unlawful, Says Advocate General
A final decision will now be decided on by the European Court of Justice.
UK Corporate DB Plans’ Deficit Soars 60% in March
Despite the sharp rise, the aggregate deficit is down 29% from 2017.
UK Pension Deficits Widen in December
Despite monthly increase, deficit is 54% lower than previous year.
Research
Funded Level for UK Pensions Tops 90% in September
Aggregate deficit declines by £62.4 billion.
Pension Protection Fund Lowers Levy by 10%
Lifeboat fund reduces levy estimate for 2018-19 to £550 million from £615 million.