Defined Benefit

Universities Superannuation Scheme (USS) has seen its funding deficit increase by £2.4bn in its latest triennial valuation as low gilt yields pushed up its liabilities.

The Pensions Regulator (TPR) has told defined benefit trustees to assess employer covenants as part of their triennial valuations, and monitor employer support regularly.

Lorraine Bennett has joined the Local Government Association (LGA) as pensions adviser after working for a string of local pension schemes.

Blue chips have halved deficit payments since 2012

Cancer Research has closed its UK defined benefit pension (DB) scheme to future accruals, the charity announced in its latest financial report.

Deficits in defined benefit (DB) schemes were pushed up by falling gilt yields in July, according to official figures.

Underwritten annuity specialists Just Retirement and Partnership are set for a £1.7bn merger after retirement flexibilities introduced in April triggered a collapse in the individual annuity market.

Greater Manchester Pension Fund (GMPF) has committed £10m to a company that funds small-scale renewable energy projects across the country.

Just one in five schemes has reconciled guaranteed minimum pensions, according to research carried out by Professional Pensions.

Tony Williams highlights what the LPFA is doing to ensure employers within the fund are as secure as possible.