Defined Benefit

Pension deficits at the UK's 350 largest listed companies fell by £27bn over the 18 months to June on an accounting basis, according to Barnett Waddingham.

The University of Manchester is consulting on closing its non-academic staff final salary fund to future accrual and enrolling new recruits into a defined contribution (DC) scheme.

An individual transferring a £230,000 defined benefit (DB) pension could lose up to seven years of retirement income if they draw a fixed sum of £10,000 a year, according to XPS Pensions Group research.

Pension Protection Fund (PPF) levy-payers and claimants could be in line to benefit from a surplus in the lifeboat fund if it hits its long-term self-sufficiency target.

Brunel Pension Partnership has selected MSCI to provide benchmark data for £10bn of its equity allocation.

Schemes in the Netherlands saw investment costs fall by more than a third in just one year under its compulsory cost reporting framework, according to research. Stephanie Baxter explores the data and speaks to a Dutch scheme CIO

Margaret Snowdon says there are three ways to protect members from making bad decisions

Yesterday's increase in the Bank of England's (BoE) base rate will not have an immediate significant impact on defined benefit (DB) scheme funding but schemes should reconsider their investment allocation, industry commentators have said.

The combined pension deficit of FTSE 350 companies grew by £3bn to £32bn over July, according to Mercer's monthly funding tracker.

Members of the Airways Pension Scheme (APS) have written to trustees demanding a meeting over why they have not yet decided whether to appeal the recent Court of Appeal judgment, PP can reveal.