Defined Benefit

The Local Government Pension Scheme's (LGPS) 89 funds will be pooled into six British wealth funds to invest billions in infrastructure, the Chancellor has revealed.

The Pensions Regulator (TPR) wants an open debate about what a good 21st century trustee should look like and do in an increasingly complex world, according to chief executive Lesley Titcomb.

Deficits in defined benefit (DB) schemes have deteriorated over the last 12 months due to low gilt yields and market volatility over the summer, according to JLT Employee Benefits.

The government's proposed cap on redundancy payoffs in the public sector would require complex changes to the Local Government Pension Scheme (LGPS) regulations, the industry has warned.

Increases in life expectancy have slowed significantly over the last four years according to the Institute and Faculty of Actuaries' Continuous Mortality Investigation (CMI).

Executives at blue chip companies had average employer contributions worth 34.1% of salary last year, according to the Trades Union Congress (TUC).

The National Association of Pension Funds (NAPF) has appointed Frank Johnson as chair of its defined benefit (DB) council, and Richard Butcher as chair of its defined contribution (DC) council.

PP looks at what is in store for public sector schemes

What are the big challenges facing schemes?

Just Retirement and Partnership are looking to raise £150m in equity capital to help meet the costs of their planned £1.6bn merger announced in August.