Defined Benefit

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

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.

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.

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).

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.

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'.

Royal Mail's defined benefit (DB) scheme could be closed to future accrual after its contributions are set to more than double from 2018.

Buy-in and buyout deals slowed down in the first six months to £2.7bn, which is just over half of business written in H1 last year, according to LCP.

Scottish Power has completed a longevity swap with Abbey Life to hedge £1bn of liabilities, covering 4,000 pensioners in the Manweb section of the Electricity Supply Pension Scheme.

As more defined benefit schemes experience negative cashflows Dan Mikulskis looks at how this can be managed.