Defined Benefit

Imposing a higher levy on schemes without a substantive sponsor would be fairer and act as a deterrent, according to Pensions Buzz respondents.

The total funding shortfall across Balfour Beatty's pension schemes rose by £85m to £231m over the course of 2016, driven by interest rate falls and contraction in credit spreads.

The Department for Culture, Media and Sport (DCMS) has confirmed Openreach employees in the BT Pension Scheme (BTPS) will have their pensions underwritten by the government.

The Northern Ireland Local Government Officers' Superannuation Committee (NILGOSC) is building consensus on what the landmark Brewster judgement means for the awarding of death benefits to unmarried couples.

The Communication Workers Union (CWU) is calling on Royal Mail to merge its defined benefit (DB) and defined contribution (DC) members into a risk sharing pension scheme.

The combined deficit of defined benefit (DB) schemes increased by £45.5bn over February to £242bn according to the Pension Protection Fund's (PPF) latest update.

Fully merging DB assets and liabilities into superfunds is "impractical and unrealistic", according to most respondents in last week's Pensions Buzz.

The PPF's plans to impose a new levy model on schemes that cease to have a substantive sponsor have received mixed reactions from the industry, writes Stephanie Baxter

Helen Morrissey spoke to DB Taskforce chairman Ashok Gupta at the recent PLSA Investment Conference about industry reaction to its recent report

Jonathan Stapleton looks at why and how the London Stock Exchange Group conducted a sectionalised merger of its two main pension schemes.