Defined Benefit

Corporates must place greater emphasis on their schemes' endgame target, says Barnett Waddingham.

Conservative leadership contender Boris Johnson has promised to fix the pension tax relief rules that are causing senior doctors and highly-paid staff in the NHS to work fewer hours leading to longer waiting lists.

BT will not be able to swap the index used to uprate part of its pension scheme after the Supreme Court denied permission to appeal, closing all legal avenues.

The Pensions Regulator (TPR) has mooted pursuing Sir Philip and Lady Tina Green's overseas assets to ensure there are enough funds for the Arcadia pension schemes.

The next chancellor should urgently address "absurdly complex" tax relief rules as data reveals NHS waiting lists have lengthened due to senior doctors working fewer hours to avoid the charges.

The government has been accused of "dragging its heels" on pensions equality after ruling out amending the law to provide for higher survivor benefits for widowers.

The Pension Protection Fund (PPF) has appointed Mike Ridley as head of restructuring and published a further guidance note for schemes facing insolvency events.

The introduction of long-term funding targets for defined benefit (DB) schemes could create an accounting gap of £260bn between the liabilities reported by companies and schemes, XPS Pensions has warned.

The journey to endgame for defined benefit (DB) schemes can be just as important on focusing on long-term funding targets, according to Lane Clark and Peacock (LCP).

Schemes need to get in place a "robust hedging strategy" to mitigate the impact of sudden falls in gilt yields, Buck has said.