Defined Benefit

A national framework to give local government pension scheme (LGPS) funds easier and cheaper access to legal services has been launched today.

Independent trustees need to upgrade their skills as demand for their services increases according to research published by law firm Gordons.

Beleaguered supermarket Tesco is planning a cost-cutting drive which will see it suspend its dividend, close stores, and appoint a new UK CEO in a bid to reverse its fortunes.

Engineering solutions provider Costain Group has taken further steps to manage obligations in its legacy defined benefit (DB) scheme.

The trustee of the £2.8bn Kingfisher Pension Scheme (KPS) has appointed Hymans Robertson as its scheme actuary and adviser.

The trustee of the Merchant Navy Officers Pension Fund (MNOPF) has hedged the longevity risk for £1.5bn of the scheme's members.

The collective deficit of FTSE 350 defined benefit (DB) pension schemes increased 91% last year, according to research.

Soaring deficits in 2014 have raised concerns as to the damage quantitative easing is doing to pensions. Ros Altmann takes a closer look.

Proposals to give savers the right to request information on their schemes will rebuild trust in the pensions industry, according to a think tank.

Deficits of workplace defined benefit schemes have risen by 66% since the end of 2013 as a result of plummeting bond yields, according to JLT Employee Benefits' monthly index.