Defined Benefit

The pressure is on with GMP reconciliation

The Railways Pension Scheme's investment house has appointed BNP Paribas Securities Services to manage its dealing services.

A worrying number of defined benefit (DB) scheme sponsors appear under-prepared for the end of contracting out says Hymans Robertson.

The vast majority of schemes with valuation dates between September 2014 and September 2015 will need to consider extending recovery periods and increasing contribution rates, The Pensions Regulator says.

Lord Hutton believes the next three years will see "extraordinary change" for the local government scheme. Stephanie Baxter reports

Tata Steel UK faces the possibility of more than 6,000 of its workers taking striking over the company's proposal to close the British Steel pension scheme (BSPS).

A sharp drop in inflation expectations and continuing low gilt yields have undermined the ability of the UK's biggest firms to support their pension schemes, research finds.

The Royal Mail Pension Plan's (RMPP) surplus has risen by £1.5bn in 12 months, according to the postal service's annual report.

The industry must get its act together as the government will not give schemes more time to reconcile guaranteed minimum pensions (GMP), warns Equiniti.

There are better ways to improve the local government pension scheme (LGPS) than merging it into one big sovereign wealth fund, according to Labour peer Lord John Hutton.