Defined Benefit

The UK Power Networks Pension Scheme has appointed SEI to act as fiduciary manager for its defined benefit (DB) section and investment adviser on its defined contribution arrangements.

Plans to measure LGPS funding levels consistently from 2016 will give a more realistic picture of the scheme's health status with many funds expected to come out worse, writes Stephanie Baxter

Talks are continuing between staff and management at the Financial Times after journalists voted overwhelmingly to strike over proposed pension changes.

Trustees of the Brunel pension fund have agreed a recovery plan with the scheme's sponsor, which is being investigated by The Pensions Regulator (TPR) over concerns about a corporate restructuring.

The Smiths Group has cut contributions to the Smiths Industries Pension Scheme (SIPS) by 60% after a dramatic improvement in funding levels allowed trustees to de-risk its investments.

Hybrid schemes lead to much better governance and investment outcomes than pure defined contribution (DC) or defined benefit (DB), according to a report by the 300 Club.

Scottish Widows has entered the bulk annuity market and expects to announce its first deal in the coming weeks.

Assessing employer covenant is not a one-off process

Counting the cost of QE

The total deficit of schemes in the Pension Protection Fund (PPF) 7800 index fell to £262.5bn at the end of October as both gilt yields and equity markets rose.