Defined Benefit

The Department of Work and Pensions (DWP) will amend legislation to allow contracted-out benefits to be transferred into a scheme which has never been contracted-out.

Con Keating says pre-pack administrations do not pose a moral hazard issue, and the problem is actually perverse incentives

There are increasing concerns pre-pack administrations are being exploited to dump pension schemes into the PPF. Stephanie Baxter explores whether there is systemic misuse and if the regime is ripe for reform

The British Steel Pension Scheme (BSPS) could have a £2bn surplus when using best estimate investment return assumptions, analysis by First Actuarial has suggested.

The number of defined benefit (DB) scheme members transferring to defined contribution (DC) has more than doubled in a year, Xafinity figures have shown.

Tata Steel has reportedly offered a one-off £520m payment into the British Steel Pension Scheme (BSPS) in an attempt to cut ties with the fund.

The Pension Protection Fund (PPF) has helped block the sale of a packaging firm after a potential buyer initiated plans to drop its pension scheme obligations.

The former owners of Bernard Matthews have been criticised for rejecting a takeover deal which would have stopped its defined benefit (DB) scheme from entering the Pension Protection Fund (PPF).

Royal Mail will close its career average defined benefit (DB) scheme to future accrual from April next year, it has announced.

The aggregate deficit of defined benefit plans (DB) fell by £15.5bn over last month to £226.5bn according to the Pension Protection Fund's (PPF) latest update.