Defined Benefit

FTSE100 companies overall scheme deficits have reduced by over £15bn according to Barnett Waddingham's annual Accounting for Pension Costs by FTSE100 Companies report.

Allowing the British Steel scheme to ditch RPI for statutory minimum levels could lead to big losses for older members and create a loophole for other DB schemes, writes Stephanie Baxter.

The first six months of 2016 has been a whirlwind time for the pensions industry. The Association of Consulting Actuaries' incoming chair tells Kristian Brunt-Seymour about the policy changes he would like to see.

The most popular stories were plans to slash the British Steel Pension Scheme's liabilities, the launch of an inquiry into the whole DB universe, and how Brexit could reduce the state pension.

Reductions in annual EU migration in the event of Brexit could force the government to lower the state pension and further increase the age it can be accessed.

Trustees who understand sponsors' needs will not lead to lower likelihood of default according to PP research.

A guide has been published to help trustees and other industry professionals understand how medical underwriting can be used to de-risk defined benefit (DB) schemes.

Government proposals to reduce inflation protection for the British Steel Pension Scheme (BSPS) could reduce its liabilities by an extra £1.5bn than experts have anticipated.

Total deficits of defined benefit (DB) schemes exceeded £300bn for the first time in May reaching record levels, according to JLT Employee Benefits.

Chief financial officers (CFOs) are concerned they may have to sell their defined benefit (DB) assets at reduced prices to meet pension payments according to Hymans Robertson.