Defined Benefit

The accounting deficits of the UK's biggest pension schemes rose by 17% last month, according to research from Mercer.

Over a third of large defined benefit (DB) pension schemes will quote members' transfer values on their retirement statements in light of the pension freedoms, according to research.

Transfers could make existing strategies unsuitable

The rise of academies coupled with smaller council budgets is changing the make-up of the LGPS's employer base. Stephanie Baxter finds out it is posing major long-term challenges.

Two trade unions have called for Nestle to put on hold plans to close its career average defined benefit (DB) scheme until its actuarial valuation in December.

Newham Council has proposed creating an asset-backed special purpose vehicle (SPV) to reduce cash contributions to finance its defined benefit (DB) pension scheme.

4imprint is working to cut the liabilities in its defined benefit scheme by turning a £25m pensioner buy-in into a partial buyout and launching a liability transfer exercise for deferred members.

Honeywell International will take on the bulk of Melrose Industries' defined benefit (DB) pension schemes with the £3.3bn acquisition of its Elster business.

MIRA Retirement Benefits Scheme (MIRARBS) has secured a £70m buyout after agreeing to compromise its sponsor's statutory debt as part of a corporate restructuring.

The European Parliament looks set to water down controversial pension proposals in a move that has been hailed as a positive step by the National Association of Pension Funds (NAPF).