Since the introduction of pension freedoms in 2014 the FTSE 350 buyout deficit - the amount required to transfer the pension liability to an insurer - fell by around £2.5bn.

FTSE 350 DB pension scheme deficits have fallen by nearly a third and a growing number of firms approach the financial position required to buyout their liabilities, according to new research from Barnett Waddingham.

The FCA’s ‘Retirement Outcomes Review’ policy statement has come under fire from SIPPs specialists.

Pensions and investment consultancy Barnett Waddingham has appointed 7 new partners and promoted 28 associates as business continues to grow.