Defined Benefit

The Work and Pensions Committee (WPC) has told the Insolvency Service (IS) and Serious Fraud Office (SFO) it will co-operate with any probes into British Home Stores (BHS).

Major jobs cuts are anticipated at pension services firm Diligenta which provides services to some of the biggest pension insurers.

Trustees relying on equities and gilt yields to improve are taking a big gamble and could result in a rush of schemes going bust, says Hugh Nolan.

This week we want to know who or what is most to blame for the BHS Pension Scheme likely falling into the PPF.

Officials from The Pensions Regulator (TPR) and Pension Protection Fund (PPF) will give evidence to MPs about British Home Stores (BHS) on 9 May.

The Pension Protection Fund (PPF) has received formal notification from Austin Reed's administrators, which could trigger an assessment period for its pension scheme.

The aggregate funding level of defined benefit (DB) schemes of the FTSE 100 companies has fallen to 85%, according to JLT Employee Benefits.

The trustees of the British Home Stores (BHS) scheme have done the best they can in the very difficult circumstances, according to experts.

Prudential Retirement Insurance and Annuity Company (PRIAC) and Legal & General (L&G) have completed their third longevity reinsurance transaction since October 2014.

John Gray looks at whether current contribution levels across DB and DC are adequate.