Defined Benefit

Sir Philip Green has hit back at critics over his handling of BHS and its pension schemes, saying he "behaved like a gentleman".

Staff at universities across the country are to end strike action after accepting the latest offer on the Universities Superannuation Scheme (USS).

The Pensions Regulator (TPR) has revealed it had nine meetings with the pension fund trustees of GKN from April 2016 to March 2018.

The Church of England Pensions Board has issued £50m of bonds to purchase additional properties for its clergy retirement housing scheme.

Granting statutory protection to pre-1997 benefits in defined benefit (DB) schemes would be an unfair cost to sponsors and would force even more closures, according to this weeks' Pensions Buzz respondents.

Pension transfer values rose last month from £232,000 at the end of February to £235,000 by the end of March, according to Xafinity's Transfer Value Index (TVI).

Caroline Escott says there should be alignment between the various policy and regulatory initiatives on value for money to avoid overburdening trustees.

Supermarket giant Tesco has halved its overall defined benefit (DB) deficit after adapting its discount rate calculations to better reflect trends in long-dated corporate bond yields.

A Blackrock survey reveals corporate and public sector defined benefit schemes are on increasingly diverging paths. Kim Kaveh explores the data.

More members are transferring out of defined benefit (DB) pension schemes when informed of the option, which suggests trustees must think carefully about member communication, according to research.