The net funding position of defined benefit (DB) pension schemes improved to a surplus of £193bn in the year to 31 March 2022, amid the largest-ever annual fall in liabilities, the Pension Protection Fund (PPF) Purple Book has revealed

The Financial Conduct Authority (FCA) has welcomed recent regulatory statements on liability-driven investments (LDI), confirming that it will maintain a supervisory focus to ensure vulnerabilities are addressed following the issues faced by defined benefit (DB) schemes

The Pensions Dashboards Programme (PDP) has published its consultation on the design standards for pensions dashboards, outlining its proposals for how information should be displayed

The Organisation for Economic Co-operation and Development (OECD) has highlighted the growing importance of asset-backed pension systems in OECD countries and urged nations to make improvements to these systems

The Work and Pensions Committee (WPC) has written to the Pensions Minister, Laura Trott, to request further clarification around some of the recent issues raised as part of the committee's inquiry into liability driven investment (LDI) and defined benefit (DB) pensions

The Financial Conduct Authority (FCA) has published final rules requiring providers of non-workplace pensions to offer consumers a default investment option and to issue a warning about the risk of inflation eroding the value of cash holdings