Defined Benefit

Pub and hotel giant Fuller's will make an additional contribution to its defined benefit (DB) pension scheme following the proposed sale of its entire beer business.

A number of pension schemes have been prompted to lock in gains with a move into bonds after the estimated deficit across FTSE 100 DB pension schemes improved by £36bn, over the 12 months ending 30 June last year, JLT Employment Benefits found.

Trustees lack expertise, time and resources to develop effective communications on technical pensions issues and need professional help, a major review of the British Steel saga has concluded.

The first specialist independent firm advising pension schemes on bulk annuities or moving to a consolidator has been set up with ambitions to shake up the market.

The equalisation of guaranteed minimum pensions (GMPs) is at least two years away from being completed, and could take longer than four years for some schemes, a poll has found.

Trustees of the Airways Pension Scheme (APS) have been granted permission to use more than £1m of scheme assets to fund an appeal over discretionary increases.

Chancellor Philip Hammond is being pressed to tackle the impact of pensions allowances on the NHS' ability to recruit and retain staff.

Defined benefit schemes are taking fresh approaches to liability-matching and repositioning their return-seeking investments, says Alastair O'Dell.

Jenny Condron says pensions simplification would sweep away confusion for members arising from having up to 12 tranches with different rates of revaluation and increase.

Redington has unveiled a report asking if DB consolidation is good for schemes and members. Kim Kaveh looks at the detail.