Defined Benefit

Four unions have agreed to take strike action at Tata Steel in their ongoing dispute over pensions.

The Railways Pension Scheme will look to partner with other pension funds as it seeks the best ways to increase its exposure to illiquid assets.

Unite members have voted to strike over Tata Steel's plan to close the British Steel pension scheme (BSPS) and make employees work five more years to get their full pension.

Transfer values have dropped by 2.2% since 31 March 2015 which underscores the volatility of transfer values during those two months says Xafinity.

PwC's Jonathon Land says understanding covenant strength is vital as trustees approach tough funding discussions

The pensions industry has rejected concerns that transfer values are too stingy, although many think it is time for a new methodology.

Deficits in UK defined benefit schemes remained at "eye-watering" levels in May and are more than 50% higher than they were this time last year, according to JLT Employee Benefits.

Capita Employee Benefits and JLT Employee Benefits have signed up to use RiskFirst's PFaroe risk analysis software.

Workers from three unions at Tata Steel have voted to strike over the company's proposal to close the British Steel pension scheme (BSPS).

The pressure is on with GMP reconciliation