Defined Benefit

UTV - the Ulster-based subsidiary of ITV - is planning to close its pension scheme to future accrual in a move it says is necessary to be fair to all employees.

Rory Murphy says a bona fide mediation process could provide valuable evidence of reasonableness for trustee and employer alike

The cost of equalising guaranteed minimum pensions (GMPs) has been revised down by around £7bn, nearly half that of an initial £15bn estimate.

Three in five trustees have not heard of Clara Pensions, one of two defined benefit (DB) consolidators to have launched since last year's government white paper.

Concern about the potential impact on employer covenants has been rated the top risk for defined benefit (DB) schemes, according to a PTL survey.

Kerrin Rosenberg says DB schemes can't afford to suffer lousy returns over the short term and make it all back in 10 to 15 years' time, because many of the assets will be gone.

Interserve's numerous defined benefit (DB) schemes have retained a sponsor link after the company entered into administration and was sold.

The combined funding level of the UK's 5,450 defined benefit (DB) schemes increased by 90 basis points (bps) over February, latest Pension Protection Fund (PPF) data shows.

The Pensions Regulator (TPR) will not conduct any further investigation into Johnston Press after its defined benefit (DB) scheme was pushed into Pension Protection Fund (PPF) assessment last year.

Crashing out of the European Union without a deal could push up UK defined benefit (DB) scheme liabilities by £140bn, says Columbia Threadneedle Investments.