Defined Benefit

Despite a challenging year, the lifeboat fund has weathered the storm with strong returns and an improved funding level. Stephanie Baxter analyses its annual report

Hilary Salt says there should be room for professional judgement, otherwise there is herding around similar answers

Volatile gilt yields saw the estimated average defined benefit (DB) to defined contribution (DC) transfer value fall by £9,000 over June, Xafinity has said.

Cashflow matching has become a much talked about topic as many closed DB schemes are about to turn cashflow negative. This requires a new approach for managing risks in what effectively has become the end game.

The Pensions Ombudsman (TPO) has stood behind the Standard Life staff pension scheme's decision to not issue a new transfer value, despite a member agreeing to pay for it.

Two in five defined benefit (DB) schemes with over £1bn of assets have an accounting surplus or zero balance, according to research by Barnett Waddingham.

All UK private sector DB schemes saw a £50bn improvement in funding levels on a funding measure in June, according to PwC's Skyval index.

A panel at Pensions and Benefits UK discussed the strengths and weaknesses of the DB system. Michael Klimes reports

The industry should look to encourage diversity and appointment of young trustees through recruitment at the grassroots according to a panel of trustees at Pensions and Benefits UK.

Capital Group and Newton Investment Management have teamed up to raise awareness of how negative cash flows among defined benefit (DB) schemes should be tackled differently.