Defined Benefit

The National Association of Pension Funds (NAPF) has published its 40th annual member survey, charting four decades of change in workplace schemes.

PP looks at the complex set of deals that allowed TRW Automotive to shed more than £2.6bn in liabilities

Deficits of defined benefit (DB) pension schemes have worsened year on year as a result of critically low bond yields, according to JLT Employee Benefits' monthly index.

A judge has rejected attempts by former shareholders of Desmond & Sons to withhold documents from proceedings to enforce contribution notices (CNs) issued by The Pensions Regulator (TPR).

The High Court has ruled the £74m Section 75 debt of the Kaupthing Pensions Scheme can be sold, paving the way for the wind up of the scheme to be completed.

Defined benefit (DB) schemes are underestimating liabilities by 1% by failing to take into account the varying rate of longevity improvements in the population, according to a ground breaking study.

Top stories on PP this week have included a potential £2bn windfall for sponsors, a complex £2.5bn buyout, a government U-turn on freedom and choice and calls for a drawdown fee cap. Here's what you might have missed.

The TRW Pension Scheme has secured a £2.5bn pensioner buyout with Legal & General (L&G) after a year-long liability management project involving pension increase exchange (PIE) and enhanced transfer value (ETV) exercises.

Schemes sponsors could receive a £2bn tax windfall following a change in HM Revenue and Customs' (HMRC) policy on VAT recovery in response to two European Court cases.

The Daily Mail and General Trust (DMGT) has agreed a recovery plan with trustees of its defined benefit (DB) schemes that will see it contribute £350m over 12 years.