Defined Benefit

The combined deficit of Coats Group's three defined benefit (DB) schemes rose by £181m over 2016, according to its annual financial report.

Members of the BT Pension Scheme (BTPS) will have their defined benefit (DB) pensions protected following the separation of the Openreach business.

The industry must change its mind-set that consolidation of defined benefit (DB) funds is too difficult, according to DB Taskforce chairman Ashok Gupta.

MP Frank Field has written to the regulator seeking more detail on the benefits secured for British Home Stores (BHS) pension scheme members from the deal struck with Sir Philip Green.

MPs are probing a deal agreed for General Motors' (GM) UK defined benefit schemes just days after the car manufacturing giant announced the sale of its European assets including Vauxhall.

Defined benefit (DB) transfer values reached their highest level since early November 2016 due to a fall in gilt yields and more bearish inflation expectations.

The Pensions and Lifetime Savings Association (PLSA) has advocated a "full merger" of defined benefit (DB) schemes which splits employers from their burgeoning obligations.

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.