Defined Benefit

Tesco will provide staff with concessions after plans to close its final salary defined benefit (DB) pension scheme triggered a flood of complaints from employees and unions, according to reports.

Defined benefit (DB) pension scheme trustees have been urged to consider the suitability of their funding plans after last week's ‘Black Monday' market shock.

FTSE350 companies have enjoyed a 7% month-on-month decrease in their defined benefit (DB) pension scheme deficits despite recent turmoil in the equity markets, according to Mercer.

There has been a significant rebound in the asset values of UK defined benefit (DB) pension schemes since this week's ‘Black Monday' stock market turmoil.

Rising longevity poses a much greater threat to companies with defined benefit (DB) pension schemes than low interest rates, Fitch Ratings has warned.

Top stories online this week include the fallout from'Black Monday', and PP's investment awards.

Trustees are learning to get bolshy over contracts

Pension transfer requests out of defined benefit (DB) schemes doubled after the relaxation of defined contribution (DC) retirement processes, according to research from one provider.

The ‘Black Monday' stock market crash drove the value of defined benefit (DB) pension scheme deficits up by as much as £30bn in a single day, according to analysis.

Employers are looking to cut contributions