Defined Benefit
Law and Regulation
Granting discretionary increases was not necessarily precluded by the scheme being in deficit, the Airways Pension Scheme (APS) actuary has said in the landmark High Court case.
11 November 2016
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3 min read
Defined Benefit
Tata Steel UK's intention to close the British Steel Pension Scheme (BSPS) to future accrual has been "raised" in discussions with unions, according to a lawyer close to the matter.
10 November 2016
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4 min read
Defined Benefit
Sainsbury's has seen the shortfall of its defined benefit (DB) scheme increase to £1.1bn by 24 September following a "significant" fall in discount rates.
10 November 2016
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1 min read
Law and Regulation
Company adviser modelling of the Airways Pension Scheme (APS) funding position would have allowed for discretionary increases if adopted, British Airways (BA) has admitted.
09 November 2016
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2 min read
Defined Benefit
The ICI Specialty Chemicals Pension Fund has completed a buy-in worth nearly £140m with Pension Insurance Corporation (PIC).
08 November 2016
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1 min read
Defined Benefit
Marks and Spencer's (M&S) decision to close its defined benefit (DB) scheme to future accrual from April 2017 has resulted in a £127m charge.
08 November 2016
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1 min read
Defined Benefit
The aggregate deficit of all schemes in the PPF 7800 index fell for a second month in a row on the back of rising gilt yields.
08 November 2016
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2 min read
Defined Benefit
Almost one in ten company voluntary arrangements (CVAs) have resulted in the firms falling into administration within three years, according to an accountancy firm.
08 November 2016
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2 min read
Defined Benefit
The Pensions and Lifetime Savings Association (PLSA) has called on every FTSE 350 firm to divulge more information with investors about their workforce.
07 November 2016
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1 min read
Defined Benefit
Matthew Edwards believes uncertainty over future life expectancy necessitates a new approach.
04 November 2016
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4 min read
