Defined Benefit

British Airways is set to close the New Airways Pension Scheme to future accrual and launch a flexible benefits scheme incorporating a new defined contribution pension scheme.

The combined deficit of the FTSE 350's defined benefit (DB) schemes fell by £3bn over the course of November, according to Mercer's Pensions Risk Survey.

Just 12% of private sector defined benefit (DB) schemes remain open to new members, according to the Pension Protection Fund (PPF).

No FTSE 350 companies will retain a final salary scheme open to accrual by 2027, analysis by Hymans Robertson finds.

Defined benefit (DB) schemes further upped their allocation to bonds in the year to March 2017, continuing a four-year trend, analysis by the Pension Protection Fund (PPF) has found.

This week we want to know if the way defined benefit (DB) schemes invest neglects UK enterprise and what you think the most important pensions story this year has been.

An increased volume of enquiries has led British Airways (BA) Pensions to temporarily suspend transfer values for active members.

The aggregate deficit of the UK's defined benefit (DB) schemes rose to £450bn over the course of November, PwC's Skyval index has recorded.

A lecturer starting work today could be £208,000 worse off over the course of their retirement if Universities Superannuation Scheme (USS) proposals take effect.

Defined benefit (DB) schemes will either have to be bought out by an insurer or enter the Pension Protection Fund (PPF), Paul Masterton MP has predicted.