The aggregate surplus of DB pension schemes increased to £475.5bn at the end of July, according to the latest Pension Protection Fund (PPF) 7800 Index.

The aggregate surplus of DB pension schemes increased from £455.5bn at the end of March to £458.3bn at the end of April, according to the latest Pension Protection Fund (PPF) 7800 Index.

The Pension Protection Fund (PPF) has appointed Michelle Ostermann as its new CEO from 1 April.

Wealth management trade body PIMFA has urged the government to compensate victims of the British Steel Pension Scheme from the Pension Protection Fund.