Defined Benefit

Marks and Spencer (M&S) has announced proposals to close its UK defined benefit (DB) scheme to future accrual as it sets out a turnaround plan for the business.

The withdrawal of Project Thor to rescue British Home Stores (BHS) raised concerns about the level of support for both schemes, MPs have been told.

Everyone should be offered the option to draw their state pension earlier than the default age at reduced cost, according to Aegon.

The British Home Stores (BHS) trustees did everything possible to make the buyer and seller understand the scale of the deficit at the time of the sale, MPs heard yesterday.

Diversified growth funds are in the spotlight after disappointing 2015 performance and concerns they've led DB schemes to miss out on good equity returns in previous years. Stephanie Baxter hears concerns about the popular universe

In this week's Pensions Buzz we want to know if there should be a mandatory limit on recovery plans for DB schemes and how long for.

Actions to tackle the lack of data quality must be spearheaded by the industry, according to JLT Employee Benefits' Bala Viswanathan.

The Pensions and Lifetime Savings Association's DB taskforce is exploring whether members should be better informed about the risks to their benefits. Kristian Brunt-Seymour looks at how this could work

Aegon has sold the final third of its UK annuity portfolio to Legal & General (L&G) as part of its strategy to free up capital from non-core business.

The biggest stories this week were an all-star group of witnesses called to give evidence on BHS and the secretary of state saying powers to interfere in the LGPS would only be used sparingly.