Defined Benefit

The initial funding level test criterion for the new British Steel Pension Scheme (BSPS) have been "comfortably met", according to the trustee.

Strike action is set to continue at universities across the country after the University and College Union (UCU) rejected a negotiated deal to reform the Universities Superannuation Scheme (USS).

Defined benefit (DB) schemes saw a £21.1bn growth in their funding shortfall last month as both gilt yields and equities suffered falls, according to the Pension Protection Fund (PPF).

Universities UK (UUK) has come to an agreement with the University and College Union (UCU) over the future of the Universities Superannuation Scheme (USS), reducing entitlement but maintaining defined benefit (DB) accrual.

GKN's proposed merger deal with Dana means over two thirds of the group's gross pension liabilities will remain with the engineering giant, according to Melrose.

The latest ONS data on pensions offers a snapshot of the UK's pension entitlements. Victoria Ticha takes a look at what the numbers show.

GKN has reached an agreement with its scheme trustees as part of a $6bn (£4.3bn) proposal to merge its Driveline businesses with Dana Incorporated.

The Pensions Regulator (TPR) has revealed it has had a total of 24 meetings with Carillion, and 45 meetings with the trustees since 2008.

High profile corporate failures such as Carillion have left schemes facing significant losses. Andrew Palmer looks at how to avoid such issues in future.

Total UK pension liabilities rose to approximately £7.6trn from 2010 to 2015, according to the latest data published by the Office for National Statistics (ONS).