Defined Benefit

If interest rates rise next year, Stephanie Baxter finds it will not be the answer to schemes' funding troubles.

The Pension Protection Fund has revealed its levy estimate for schemes in 2016/2017 will total £615m, down from £635m the previous year.

Punter Southall has launched a service to help schemes as half are expected to face bigger Pension Protection Fund (PPF) levy bills for 2015/16.

Incoming LPFA chairman Sir Merrick Cockell wants to challenge the status quo

Eight out of ten defined benefit schemes have taken some action to respond to the extra retirement flexibilities for defined contribution retirees introduced in April, research finds.

In welcome news for many defined benefit pension schemes, the 12-month Consumer Prices Index (CPI) slipped back to zero in August, according to the Office for National Statistics (ONS).

Heineken's Scottish and Newcastle Pension Plan has completed a £2.4bn longevity swap with Friends Life.

National Grid UK Pension Scheme has handed Legal and General Investment Management (LGIM) a mandate to manage £13bn of assets after selling its in-house manager to the firm.

Lawyers have warned that defined benefit (DB) schemes face unnecessary extra VAT charges unless HM Revenue and Customs (HMRC) makes it less complicated for them to reclaim tax.

GMB will ballot utility workers for strike action on the 21 September in a dispute with Northumbrian Water over proposals to axe the final salary scheme.