Defined Benefit

The market value of funds for the English and Welsh local government pension schemes (LGPS) reached £259bn at the end of the 2016/17 financial year, official statistics show.

Almost half (47%) of employers say defined benefit (DB) transfer requests exceed 5% of scheme members, an Association of Consulting Actuaries (ACA) study has found.

The Department for Work and Pensions (DWP) has suggested its forthcoming white paper on defined benefit (DB) provision will only show the direction of travel on consolidation, rather give than a definitive answer.

Capita workers will take part in nine days of industrial action after a breakdown in negotiations over the company's future pension provision.

The National Farmers' Union of England and Wales (NFU) Staff Pension Scheme has appointed Russell Investments as fiduciary manager after an open tender.

Some 20% of FTSE 100 defined benefit (DB) pension schemes would be at risk of failure if the UK entered another economic downturn, research suggests.

The collective deficit of defined benefit (DB) schemes fell 28% over the month according to the Pension Protection Fund's 7800 index.

Rory Murphy, trustee chairman of the Merchant Navy Officers Pension Fund (MNOPF), says trustees must do more to share best practice in bid to improve outcomes.

Douglas Hamilton, the head of pensions strategy at Royal Mail, says its proposals are fair and about affordability not cost-cutting.

Royal Mail workers have overwhelmingly voted for strike action in response to the company's planned closure of its defined benefit (DB) scheme.