Defined Benefit

Hymans Robertson has launched a tool to help schemes more easily assess their readiness to complete a buy-in and the benefits this could bring.

Universities UK (UUK) has proposed ending future accrual of defined benefit (DB) promises and transferring members to the existing defined contribution (DC) plan.

The Communication Workers Union (CWU) has said it will urge its members to reject BT's proposals for its pension funds, which includes closing the defined benefit (DB) scheme.

The aggregate deficit of the UK's defined benefit (DB) schemes fell by £8.2bn over October, with 49 schemes moving into surplus, according to the Pension Protection Fund (PPF).

Defined benefit (DB) transfer values stayed fairly steady over October, rising from £230,000 to £231,000 by the end of the month, according to Xafinity.

Builders merchant JT Dove has slashed its forecasted defined benefit (DB) deficit by 11% after completing a medical underwriting study.

HM Revenue and Customs (HMRC) has published an internal manual on how value-added tax (VAT) should be calculated for defined benefit (DB) occupational pension schemes.

British Airways (BA) has reimbursed the trustees of its Airways Pension Scheme (APS) for nearly £12m in litigation costs over the last two years.

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.