Defined Benefit

The Bank of England has raised rates for the first time in 10 years on a gradual path towards normalisation. Stephanie Baxter explores whether this will give schemes a reprieve from low yields

The UK's 350 largest listed companies recorded just a £1bn fall in their defined benefit (DB) deficits over the course of October, Mercer's monthly update reveals.

JPMAM's Sorca Kelly-Scholte makes the case for cashflow-driven investing at a time when many schemes are underfunded and need to grow investment returns to meet future liabilities.

The Bank of England's (BoE) decision to increase interest rates for the first time in over a decade has been welcomed by the industry, yet the move will only be "symbolic" for most defined benefit (DB) schemes.

John Gray says the London CIV need a simpler and more representative governance structure

David Weeks says bringing more trustees up to standard through outreach work would be a good first move to tackle the underperforming 'underbelly'

The school of thought that says there is no sustainability problem with defined benefit (DB) schemes is based on assumptions very far off from what actually happened over the past three decades, according to Cardano's chief executive officer.

BT will launch a consultation with members over the future of its defined benefit (DB) scheme "shortly", potentially including plans to close the plan to future accrual.

Follows rising inflation and GDP

The combined funding position of the UK's defined benefit (DB) schemes improved by £50bn over October, PwC analysis suggests.