Defined Benefit

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.

Pension schemes should rethink their approach to defined benefit transfers in response to high demand since Freedom and Choice, writes Kim Kaveh

The collective deficit of defined benefit (DB) schemes increased by £40bn to £460bn over August after falls in long-term rates, according to PwC's Skyval index.

The Pension Protection Fund (PPF) has called on widows and widowers in same-sex marriages or civil partnerships to check whether they are receiving their full survivor entitlement from the lifeboat fund.

RPMI Railpen, which manages the £25bn Railways Pension Scheme, has adopted a performance attribution solution to help it monitor and improve its investment process.

The Employer Covenant Working Group (ECWG) has published guidance to help stakeholders of defined benefit (DB) funds manage distressed scenarios.

Members should have a limited legal right to partially transfer their defined benefit (DB) scheme, according to a joint report from Royal London and LCP.