Defined Benefit

Steve Webb says as schemes may have to invest in systems to generate regular transfer values, offering valuable partial transfers shouldn't be too burdensome.

The Communication Workers Union (CWU) has proposed a major shake-up of its defined benefit (DB) provision, despite threatening industrial action at Royal Mail for planning similar changes, PP can reveal.

Paul Masterton MP disagrees there is no affordability problem in DB schemes, and calls for a statutory override to allow trustees to switch to CPI

The combined deficit of the UK's defined benefit (DB) schemes rose by £40bn over August, according to the Pension Protection Fund's (PPF) latest index.

A regulated apportionment arrangement (RAA) has been conducted for the British Steel Pension Scheme (BSPS) after no appeals were lodged since it was agreed in principle last month.

Coverage of the growth of the Universities Superannuation Scheme (USS) deficit is 'scaremongering', former pensions minister Baroness Ros Altmann has told the House of Lords.

British Airways (BA) will launch a consultation with members of its New Airways Pension Scheme (NAPS) on plans to close the scheme to future accrual.

Defined benefit (DB) transfer values rose steadily over August, increasing from £230,000 at the beginning of August, to £237,000 by the end of the month, according to Xafinity.

The Communication Workers Union (CWU) will ballot its members on strike action over Royal Mail's plans to close its defined benefit (DB) scheme.

The Universities Superannuation Scheme (USS) has launched a consultation with Universities UK (UUK) on proposed assumptions for its 2017 valuation.