The Association of Professional Pension Trustees (APPT) also cautioned against what it claimed were "further onerous requirements being placed on lay trustees that could backfire". 

The deal secures the benefits of remaining members of the Association of British Insurers (ABI) sponsored pension scheme, including 16 pensioners and 118 deferred members. 

The UK economy grew by 0.5 per cent in June and by 0.2 per cent in the quarter April to June, according to the Office for National Statistics.

State pension triple lock bill will rise on the back of inflation hikes and wage data, according to interactive investor.

This week's pension industry movers and shakers: including the Pension Protection Fund and LCP.

The Pensions Regulator (TPR) has published revised superfund guidance following government plans to legislate the consolidation schemes.

Insurance buyouts were not the de-risking option of choice among half of the defined benefit schemes polled by a pensions consultant.

One report is estimating that defined contribution schemes will have increased their holdings in private debt to £200bn in the next six and a half years.

In its report the Association of Profession Pension Trustees said its accreditation scheme was pitched at an appropriate level and fit for purpose if accreditation was made mandatory.

The aggregate surplus of the 5,131 schemes in the Pension Protection Fund 7800 Index increased to £446bn at the end of July 2023, compared to £437bn the previous month.