Defined Benefit

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.

A proposed cap on redundancy payoffs in the public sector could limit early pension payments from the local government pension scheme (LGPS).

Schemes have been warned against expecting a rate rise this year after just one of the Bank of England's (BoE) Monetary Policy Committee (MPC) members voted for an increase this month.

The number of transfer value requests in defined benefit (DB) schemes doubled from January to July this year according to research from Xafinity.

Barnett Waddingham and the Chartered Institute of Public Finance & Accountancy (CIPFA) have partnered to provide support and training for pension board members in the local government pension scheme (LGPS).