Defined Benefit

A nationwide strike at Tata Steel has been called off after the firm agreed to keep its scheme open in return for changes to benefits that will cut £1bn from its deficit.

London Pensions Fund Authority (LPFA) and Lancashire County Pension Fund are hiring a board to oversee their asset and liability management (ALM) partnership.

The planned £129m sale of Aga announced today will put the firm's defined benefit pension scheme on firmer financial footing, according to the trustees' adviser.

The trustees of Asda's defined benefit (DB) scheme have appointed Aon Hewitt to provide actuarial advice, replacing Mercer.

There has been a persistent fall in defined benefit (DB) pension scheme deficits over the past quarter, according to official data.

As the government unveils plans that would effectively force local government pension funds to pool their investments, Stephanie Baxter looks at what could be in store.

The government has introduced an income tax exemption for financial advice provided as part of employer-led transfer exercises from defined benefit (DB) to defined contribution (DC) pension schemes.

In the third part of our series looking at what firms did to win at this year's UK Pensions Awards, PP speaks to Spence about how the firm won the Consulting Innovation of the Year accolade.

In the second part of our series looking at what firms did to win accolades at this year's UK Pensions Awards, PP speaks to LCP partner Clive Wellsteed about how the firm won the Risk Reduction Adviser of the Year category.

The Pensions Regulator has published an employer guide on complying with its code of practice for funding defined benefit (DB) schemes, emphasising the importance of a collaborative approach.