Defined Benefit

The adoption of consolidation among DB funds has been slow to date. Paul Murphy asks if the white paper will act as a catalyst for smaller schemes to join master trusts

The combined deficit of the UK's defined benefit (DB) pension schemes rose by 25% to £131bn on an accounting basis during March, JLT Employee Benefits analysis has revealed.

There are 'shocking disparities' in pension incomes - including within the same region, according to a Royal London analysis of HM Revenue & customs (HMRC) data.

Ian Greenwood has been appointed to lead the £46bn Northern Pool, which was set up by the local government pension funds for Greater Manchester, West Yorkshire and Merseyside.

Melrose Industries' £8.4bn offer has been accepted in today's shareholder vote, which will include injecting up to £1bn cash contributions for its two defined benefit (DB) schemes.

Members of the University and College Union (UCU) are to be balloted on the latest Universities Superannuation Scheme (USS) offer, the trade union has announced.

Postal workers have voted strongly in favour of a deal that includes plans to set up the UK's first collective defined contribution (CDC) pensions scheme, during a Communication Workers Union (CWU) ballot on 28 March.

Steelworkers are set to receive their first payments today from the new British Steel Pension Scheme (BSPS), which is now in full operation for over 80,000 employees.

The LPP pool was one of the first to emerge from the Local Government Pension Scheme. Michael O'Higgins speaks to Stephanie Baxter about the journey towards pooling

The government has pressed Melrose to make a series of binding commitments, including for pensions, over its hostile £8.4bn final takeover bid for GKN.