Defined Benefit

Volatility of bulk annuity pricing is likely to continue in the coming months amid difficult market conditions according to Aon Hewitt.

Maintaining public sector pensions will cost £3bn more each year with employer contributions expected to rise according to KPMG.

Aegon is reducing or simplifying charges for over 600,000 contributing members of workplace schemes, according to its independent governance committee (IGC).

The trustee of the Home Retail Group's pension scheme has agreed its future funding with Sainsbury's which is set to acquire the business from Argos.

Deficits in all private UK defined benefit (DB) schemes worsened in March amid low interest rates and a worsening economic outlook.

Defined benefit members are taking advantage of the flexibilities through a number of ways according to research.

Almost one in five members transferred out of their defined benefit (DB) scheme to use their freedoms after receiving advice according to Willis Towers Watson.

The shortfall of defined benefit (DB) schemes has risen from £425bn to £800bn in nine years despite employers trying to plug the gap.

Hertfordshire has joined ten local administering authorities to pool their pension assets through A Collaboration of Central, Eastern and Southern Shires (ACCESS).

The Merchant Navy Officers Pension Fund has raised its funding level by 10% since 2012.