Defined Benefit

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

The Railways Pension Scheme's investment house has appointed BNP Paribas Securities Services to manage its dealing services.

A worrying number of defined benefit (DB) scheme sponsors appear under-prepared for the end of contracting out says Hymans Robertson.

The vast majority of schemes with valuation dates between September 2014 and September 2015 will need to consider extending recovery periods and increasing contribution rates, The Pensions Regulator says.

Lord Hutton believes the next three years will see "extraordinary change" for the local government scheme. Stephanie Baxter reports