Defined Benefit

Transfer values hit a new high in July 2016, as gilt yields fell to a record low, according to Xafinity.

Greggs' defined benefit (DB) pension deficit soared by £12.3m over twelve months, its interim report has revealed.

The government should give the regulator more powers to prevent companies from avoiding defined benefit (DB) deficits, according to a Pensions Institute report.

The method for calculating pension transfer redress following unsuitable advice looks set to be overhauled by the Financial Conduct Authority (FCA) later this year.

BBA Aviation has revealed it has closed its UK defined benefit (DB) scheme to future accrual, following a consultation with members.

Trinity Mirror Group's defined benefit (DB) pension deficit has increased by £120.8m to £426m in the past six months, driven by a fall in long-term interest rates.

The Financial Assistance Scheme (FAS) service will close to new applications from pension funds on 1 September.

Total deficits of UK defined benefit (DB) schemes have reached an all-time high for the sixth month in a row, according to JLT Employee Benefits.

Any surplus funds the Pension Protection Fund (PPF) accumulates should not be returned to the levy payers who provided them, according to almost 60% of respondents.

The industry has come up with various ways to solve the numerous challenges faced by DB schemes. Kristian Brunt-Seymour examines responses to the DB Taskforce's call for evidence.