Defined Benefit
Capita could see strike action over 'disgraceful' DB closure
The planned closure of Capita's defined benefit (DB) scheme could be met with strike action as Unite launches a ballot of its members.
Pickering: Pensions policy is going in the wrong direction
Chairman of BESTrustees Alan Pickering speaks to Stephanie Baxter about the toxic effect of knee-jerk legislation over the past 20 years, and why he wants a national pensions authority
Unite members split on Royal Mail pension proposals
Unite members in the Royal Mail Pension Plan (RMPP) have narrowly rejected the company's proposal to set up a 'cash balance' scheme when the plan closes to accrual next year.
British Steel restructure agreement welcomed but big questions still unanswered
Last week's agreement on a regulated apportionment arrangement (RAA) to split Tata Steel UK (TSUK) from its defined benefit (SB) pension fund fails to answer fundamental questions.
Taxpayer cost for Royal Mail pension soars 22% over 2016
Government-backed liabilities in the Royal Mail Statutory Pension Scheme (RMSPS) rocketed more than £8bn over the year to 31 March, according to Cabinet Office documents.
Origo calls for industry standards to speed up DB transfer process
Has had 'positive' dialogue with FCA
DB trustees working longer yet pay has fallen
Trustees of pension schemes of all sizes are spending more time on their roles yet are on average being paid less, latest analysis from PwC has suggested.
PPF 7800 continues upward trend as 26 schemes move into surplus
The aggregate balance of the UK's defined benefit (DB) schemes improved by £6.2bn over July, according to the Pension Protection Fund's (PPF) 7800 Index.
Transfer values fall just 1% in July after volatile Q2
Defined benefit (DB) transfer values remained fairly stable in July, falling by just £2,000 to £230,000 by the end of the month, according to Xafinity's monthly index.
Reduced inflation expectations push DB deficit down £9bn
The accounting deficit of FTSE 350 defined benefit (DB) schemes fell by £9bn over July on the back of lower long-term inflation expectations, according to Mercer's latest index.
Johnston Press in talks with trustees over company restructuring
Johnston Press has asked the trustees of its defined benefit (DB) plan to support a bid to overhaul the business due to pressure from heavy debts and declines in print sales.
£150bn cash injection over past decade has barely dented FTSE 100 deficits
The accounting position of FTSE 100 defined benefit (DB) schemes has worsened from a £12bn surplus to a £17bn deficit over the last 10 years despite mammoth contributions.
Total DB deficit falls 9% over July
The collective deficit of defined benefit (DB) schemes decreased by £40bn to £420bn over July, according to PwC's monthly Skyval index.
How to improve diversity in the actuarial profession
Gender imbalance among senior actuaries is still common but the industry is providing solutions and aims to tackle the wider lack of diversity, writes Kim Kaveh
Barclays' pension deficit rises nearly a third in one year
The actuarial funding deficit on Barclays' main defined benefit (DB) scheme has risen to £7.9bn in its September 2016 triennial valuation, following falls in gilt yields.
Kempen: Industry could be wasting time on implicit cost disclosure
Disclosure of investment costs can be achieved without necessarily finding out the true value of implicit costs, Kempen Capital Management argues.
GKN confirms DB closure and £250m cash injection
Engineering group GKN has announced it closed its two UK defined benefit (DB) schemes to future accrual on 1 July, after falls in bond yields increased liabilities in 2016.
DWP seeks views on AE rules for DB schemes and offshore workers
The Department for Work and Pensions (DWP) is consulting on whether auto-enrolment (AE) regulations on the quality of defined benefit (DB) schemes are working properly.
Brunel pool creates £28bn investment company
The Brunel Pension Partnership has formed an investment company to manage £27.5bn of local government pension scheme (LGPS) assets.
Serco scheme selects BlackRock for £1.5bn LDI mandate
The Serco Pension and Life Assurance Scheme has appointed BlackRock to run its £1.5bn liability-driven investing (LDI) portfolio after a competitive tender.
Low yields bite as UK slips in global retirement rankings
Brexit-related uncertainty and low bond yields have weakened the UK's retirement system, with the nation slipping in 2017 global rankings for retirement security.
Do the FCA's proposals for DB transfers go far enough?
Jon Hatchett looks at the FCA's proposals for advice on pension transfers, highlighting some issues with its recommendations and pointing out some glaring omissions
Ex-nuclear workers say govt should pay '£182m pension loss'
Former nuclear workers are urging the government to honour pension promises they claim were made when the industry was privatised two decades ago.
Small scheme funding levels falling five times faster than larger peers
The funding levels of smaller schemes fell at a rate nearly five times faster than their larger peers, latest analysis by Goldman Sachs Asset Management reveals.
