Half of pension schemes 'to shut'

The John Lewis retail chain has handed its 84,700 staff an annual bonus worth 17% of their salary – the equivalent of nine weeks’ pay – as the employee-owned company continues to outperform its rivals, reports The Guardian.

The UK's private sector final-salary pension schemes fell back into deficit in April after a single month of surplus.

Private sector final-salary pension schemes have collectively moved back into surplus for the first time since June 2008.

Just 23% of private sector final-salary pension schemes are open to new joiners, says the National Association of Pension Funds.

The collective deficit of the UK's private sector, final-salary, pension schemes is cut by 34% in just one month.

The deficit of private sector final-salary pension schemes in the UK has improved, the Pension Protection Fund says.