Defined Benefit

The £4.2bn North East Scotland Pension Fund (NESPF) has appointed HSBC Securities Services as its custodian, replacing BNP Paribas.

Aon has improved the buyout position of one if its defined benefit (DB) schemes after undertaking a bulk enhanced transfer value (ETV) exercise.

Defined benefit (DB) schemes had an aggregate deficit of £200bn on a gilts plus measure at the end of May, according to PwC.

The University of Southampton has confirmed plans to close the Pension and Assurance Scheme for Non-Academic Staff (PASNAS) to new members at the end of December.

The regulator's funding analysis for 'tranche 13' schemes finds many are falling behind recovery plans. James Phillips looks at the findings

Hilary Salt says by blurring the line between what is legally required and what 'feels fair', we create uncertainty about what is and isn't allowed

Industry Voice: Member options exercises can usually be tailored to make sure that they meet a pension scheme's long-term objectives.

Industry Voice: Over the past three years, sponsors and trustees have been navigating their way through the pension freedoms and trying to predict what impact they will have on their pension schemes.

Alongside the Freedom and Choice provisions was a requirement that members who have a transfer value over £30,000 must take independent financial advice from a suitably qualified individual before they are able to transfer their benefits out of a defined...

Almost all listed asset managers have now signed up to the transparency code that launched 12 months ago to help local government funds get better cost data, writes Stephanie Baxter