Defined Benefit

The MacDermid Canning Pension Scheme has bought out its 670-member scheme using Aon Hewitt's implemented annuities service.

A methodology for assessing longevity basis risk developed by Hymans Robertson and Cass Business School will help bring index-based longevity swaps into the mainstream, say actuaries.

The total deficit of schemes covered by the Pension Protection Fund (PPF) has climbed to its highest level since April 2013, latest figures show.

The Universities Superannuation Scheme (USS) has agreed to carry out a broad survey of members to discover their views on non-financial investment concerns.

Partnership has completed a £206m buy-in covering high value members of a "multi-billion pound scheme" in the biggest medically underwritten bulk annuity deal to date.

PP has launched an event to guide defined benefit (DB) trustees and managers ahead of the incoming pensions flexibilities at an event next year.

The biggest stories on PP this week include the winners of our first investment awards, the end of the death tax on annuities and the emergence of a market in distressed pensions debt. Here's what you might have missed.

University staff will meet senior board members of the Universities Superannuation Scheme (USS) today to urge it to consider their ethical views and drop investments such as tobacco.

Around half of pension schemes are expected to enjoy a reduced Pension Protection Fund (PPF) levy for 2015/16 under its revised framework.

The Treasury will net an additional £1.15bn in taxes as a result of defined benefit (DB) members transferring to take advantage of incoming defined contribution (DC) freedoms.