Defined Benefit

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.

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.