Endgame options, climate risk and sponsor covenant all feature prominently in TPR’s latest annual funding statement.

The call comes as DB schemes are enjoying their largest aggregate surplus in years, and the government is seeking to provide more flexibility over accessing this money.

Proposed changes to PPF assessment valuations could push smaller funds away from better options in the insurance market, according to the Society of Pension Professionals.

Less than half of pension schemes have a plan for connecting to the pension dashboard system, according to a poll from LCP.

Industry calls for caution as the government considers expanding the remit of the Pension Protection Fund.

Proposals for statements of strategy will create significant additional and unnecessary work for trustee boards, commentators warn.

The transactions cover members of a chemical company and a printer manufacturer.

DB schemes could generate half a trillion pounds in surplus payments over the next decade if new flexibilities are introduced.

Funding levels improved again in March, PPF data show, helping DB schemes to finish the quarter in a very strong position.