Defined Benefit

Bulk annuity business in 2016 will outstrip last year's levels despite a slow start due to the introduction of Solvency II, according to Willis Towers Watson.

Volatility has risen ahead of the EU referendum with markets already reeling from a deflationary scare driven by the oil price fall. Kristian Brunt-Seymour finds schemes must take action now to mitigate their risk exposures.

John Gray asks why agreement can’t be made on appropriate discount rates for the LGPS

A considerable gap remains between public and private sector employer and employee contribution levels according to data from the Office of National Statistics (ONS).

The biggest stories were predictions the Chancellor would introduce a flat rate of tax relief, Merchant Navy Officers closing defined benefit to future accrual, and KPMG expanding its defined contribution team by a third.

Freedom and choice is producing unexpected results across DB and DC schemes

Nearly a quarter of companies have still not reviewed their pension schemes' investment strategy in light of the April freedoms according to Willis Towers Watson's DC master trust, LifeSight.

The Government has announced it will fully index public service pensions for workers reaching State Pension Age from April 2016 to 5 December 2018.

Ultra Electronics Holdings plans to close its £238m defined benefit (DB) pension scheme to future accrual from 5 April 2016.

Total funding levels of defined benefit (DB) pension schemes have improved since January despite volatile markets and low interest rates, according to JLT Employee Benefits.