Defined Benefit

The biggest stories on PP this week were warnings that decent retirement could mean working until age 85, and the risks to members from pooling the Local Government Pension Scheme (LGPS).

BAE Systems, Airbus and the trustees are creating a separate Airbus section of the BAE Systems Pension Scheme in order to give a better estimate of the deficit allocation.

Insurers should consider eyeing up smaller de-risking transactions rather than focusing on the mega deals that can end up falling away, according to Aon Hewitt.

Pooling the Local Government Pension Scheme (LGPS) into six funds is too many to have the scale to tap into a wide range of infrastructure opportunities says BNY Mellon.

An overwhelming majority of Financial Times (FT) staff have accepted a deal on their pensions after seven months of tension which saw two threats of strike action.

The average pensioner's income has risen by more than a fifth since 2002 while working-age incomes remained broadly stagnant at around 2% says the Resolution Foundation.

This week we want to know if the government should ban the LGPS from taking part in politically motivated divestment campaigns and whether your DB scheme is cash flow negative.

Seven in ten (70%) employers are being financially squeezed by auto-enrolment costs according to a report by the Chartered Institute of Personnel and Development (CIPD).

Marks and Spencer has reached an agreement with the trustees of its defined benefit (DB) pension scheme to increase annual cash contributions for future service by £15m.

Trustees have yet to prioritise cash management despite the fact that half of FTSE350 defined benefit (DB) schemes are turning cash flow negative, according to Hymans Robertson.