Defined Benefit

National Milk Records (NMR) is proposing to shareholders that it withdraws from the multi-employer Milk Pension Fund (MPF).

Hoover has become the latest firm to cut its defined benefit (DB) pension scheme adrift after The Pensions Regulator (TPR) and Pension Protection Fund (PPF) approved the plan.

Nuclear specialists and managers have voted in favour of reforms which will see their retirement fund based on career average earnings rather than final salary from next April.

BT may close its defined benefit (DB) scheme to future accrual in a bid to stem its ballooning deficit, according to reports.

The Continuous Mortality Investigation's (CMI's) longevity model is a useful projection tool for schemes but, as Amy Kessler explains, it has key limitations.

BT may allow the trustees of its pension schemes to take over some of its assets in the case it fails to meets its pension obligations, the firm has suggested.

Raj Mody says trustees and sponsors must get a handle on the issue of life expectancy assumptions.

Sponsors of defined benefit (DB) schemes have squeezed their workers' wages by around £200 compared to companies without these funds, a think tank has revealed.

Over half of pension professionals believe the 'gilts plus' valuation method is unhelpful in the current economic environment, according to Aon Hewitt research.

The Pensions Regulator (TPR) should be investigated by a Royal Commission, according to a response to the government's green paper on defined benefit (DB) schemes.