Defined Benefit

Defined Benefit

Co-op Bank wins right to surplus refund for Britannia scheme

Co-operative Bank has been given the right to a refund of surplus in the Britannia Pension Scheme, after consulting the trustee and lawyers.

clock 18 August 2016 • 1 min read

Defined Benefit

Have deferred members been priced out of bulk annuities?

Deferred members dominate the DB universe but the high cost of insuring them makes bulk annuities out of reach for many schemes, even more so since the introduction of Solvency II. Kristian Brunt-Seymour explores what schemes can do.

clock 18 August 2016 • 5 min read

Defined Benefit

LGPS petition gets over 100,000 signatures to challenge investment reforms

More than 100,000 people have signed a parliamentary petition to demand the government re-consider proposed changes to the Local Government Pension Scheme (LGPS) investment regulations.

clock 17 August 2016 • 1 min read

Defined Benefit

DB contributions at highest level in any year since 2009

Sponsor contribution levels for the FTSE 100 defined benefit (DB) schemes are the highest since 2009 according to an LCP survey.

clock 16 August 2016 • 2 min read

Defined Benefit

PPF publishes guide on restructuring and insolvency

The Pension Protection Fund (PPF) has published its latest restructuring principles and guidance for insolvency professionals.

clock 16 August 2016 • 1 min read

Defined Benefit

Nestlé agrees with unions to keep career average scheme

Nestlé has agreed a deal with trade unions to secure its £3.8bn career average defined benefit (DB) scheme after the company had tried to close it down.

clock 15 August 2016 • 2 min read

Defined Benefit

Schemes urged not to panic as deficit hits record £1trn

The combined defined benefit (DB) deficit has reached another all-time high on the back of further gilt yield falls following setbacks in the central bank's bond buying programme.

clock 15 August 2016 • 2 min read

Defined Benefit

Halcrow members embrace new scheme following restructure

Over 2500 members of Halcrow Pension Scheme have agreed to transfer into a new scheme that lowers benefits but keeps them out of the Pension Protection Fund (PPF).

clock 15 August 2016 • 3 min read

Defined Benefit

Have your say: who should the Work and Pensions Committee focus on in its DB inquiry?

This week we want to know if there is a particular group of people the Work and Pensions Committee should scrutinise during its inquiry into the regulation of defined benefit (DB) schemes.

clock 15 August 2016 • 1 min read

Defined Benefit

What were the top pension stories this week?

This week's biggest stories included Lloyds' trade union taking legal action over GMP equalisation, a same sex partner benefits appeal case, and asset managers arguing hidden fees are the 'Loch Ness Monster of investments'.

clock 12 August 2016 • 1 min read
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