Defined Benefit

Risk Management

Johnston Press slashes pension deficit by more than half

Johnston Press has reduced the deficit of its defined benefit (DB) scheme by £53m following a pension study and changes to its scheme rules.

clock 04 February 2016 • 1 min read

Defined Benefit

Union calls Post Office's plans to close DB a 'scandalous attack'

The Communication Workers Union (CWU) has attacked plans from the Post Office to close its defined benefit (DB) scheme to future accrual on 31 August.

clock 03 February 2016 • 2 min read

Bulk Annuities

Low & Bonar completes £34m medically underwritten buy-in

Low & Bonar has completed a medically underwritten buy-in of £34m of liabilities within its defined benefit (DB) pension scheme.

clock 03 February 2016 • 1 min read

Industry

ACA: Tax relief changes forced higher earners to leave schemes

Changes to pension tax relief in recent years have already caused schemes to lose members on higher incomes, according to research from the Association of Consulting Actuaries (ACA).

clock 03 February 2016 • 3 min read

Defined Benefit

Low interest rates and oil prices challenge DB funding levels

Defined benefit (DB) schemes have not had a good start to the year with falling oil prices and low interest rates according to JLT Employee Benefits.

clock 01 February 2016 • 1 min read

Defined Benefit

How tax relief reform will affect pension schemes

PP looks at the implications of any shift to flat-rate pension tax relief.

clock 01 February 2016 • 11 min read

Investment

DB funding is being hit with perfect storm of lower returns and yields

As falling yields lower funding levels, PP finds DB schemes are in a predicament.

clock 01 February 2016 • 5 min read

Investment

What were this week's top five stories in pensions?

The top stories this week were the pensions regulator warning about new master trusts and revealing a big board shake-up, while the LGPS pooling picture became clearer.

clock 29 January 2016 • 1 min read

Defined Benefit

Schemes don't get value for money from paying actuaries more

Pension schemes paying higher actuarial fees are not getting better value for money from their providers, according to KGC's sixth actuarial fee and services survey.

clock 29 January 2016 • 2 min read

Defined Benefit

Are we overly obsessed by deficits?

Raj Mody thinks we need to take a new approach to assessing scheme health.

clock 28 January 2016 • 3 min read
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