Defined Benefit

The funding deficit of the British Steel Pension Scheme (BSPS) has dropped from £550m to £90m as a result of cost cutting measures agreed following tough negotiations.

Pan Governance has been chosen to act as independent trustee of Deloitte's defined benefit (DB) master trust which was launched earlier this year.

The funding level of Tesco's defined benefit (DB) pension scheme has fallen yet again as it revealed its first-half profits have more than halved.

More than one in three schemes that use a fiduciary manager has no formal process to review their relationship according to an annual survey from Buck Consultants at Xerox.

A group of local government pension funds in the South West are exploring pooling all their investments into a £19bn regional Collective Investment Vehicle (CIV).

The Local Government Pension Scheme's (LGPS) 89 funds will be pooled into six British wealth funds to invest billions in infrastructure, the Chancellor has revealed.

The Pensions Regulator (TPR) wants an open debate about what a good 21st century trustee should look like and do in an increasingly complex world, according to chief executive Lesley Titcomb.

Deficits in defined benefit (DB) schemes have deteriorated over the last 12 months due to low gilt yields and market volatility over the summer, according to JLT Employee Benefits.

The government's proposed cap on redundancy payoffs in the public sector would require complex changes to the Local Government Pension Scheme (LGPS) regulations, the industry has warned.

Increases in life expectancy have slowed significantly over the last four years according to the Institute and Faculty of Actuaries' Continuous Mortality Investigation (CMI).