Defined Benefit

The reduction of the annual allowance in 2014 has caused a significant rise in the number of people breaching the limit.

Over two-thirds of the eligible population are saving into a workplace pension, reaching a new all-time high, according to the Office for National Statistics (ONS).

This week's top stories included coverage of Sir Philip Green's agreement to pay £363m into a new pension scheme for former British Home Stories (BHS) workers.

A supermajority of pensions buzz respondents rebuked a suggestion that all defined benefit (DB) schemes should be merged into one.

Steve Webb discusses the tricky issue of whether trustees should include cash equivalent transfer values on member statements

The aggregate accounting deficit of the FTSE 350's defined benefit (DB) schemes fell by a modest £3bn last month, according to Mercer's latest Pensions Risk Survey.

Unions have urged workers in the nuclear sector to accept planned pension reforms after "breakthrough" discussions with the energy minister, Jesse Norman.

Much of the industry has praised the regulator for striking a deal with Sir Philip Green over the BHS schemes and expressed a degree of relief.

The aggregate deficit of ITV's defined benefit (DB) schemes grew by 86% last year, according to the broadcaster's preliminary results.

Private sector pension deficits have stabilised as markets show resilience, but are still more than double what they were 12 months ago.