Defined Benefit

Tesco Group's net pension deficit after tax increased 30% over eight months to £3.4bn in August, according to the company's interim results.

Scheme sponsors may have overspent on buyout contracts as a result of irregular mortality data, the Pensions Institute (PI) has warned.

Members of the Universities Superannuation Scheme (USS) are campaigning for the fund's investment policy to reflect their ethical views.

PwC has signed up the majority of insurers involved in the bulk annuity market to its Skyval Insure platform in a bid to make pricing easier for corporates and trustees.

Transfers from defined benefit (DB) to defined contribution (DC) schemes as a result of changes introduced in the Budget could cut £15bn from FTSE 350 scheme liabilities, says Hymans Robertson.

The Pension Protection Fund (PPF) has updated its guidance on valuations for schemes with insolvent sponsors.

The bulk annuity market will hit £20bn in the next few years, driven by growing appetite from insurers and the maturing of defined benefit (DB) schemes, says KPMG.

The Ofcom Staff Pension Plan has secured a £50m buy-in with Legal and General (L&G), covering approximately 30 pensioners and 320 deferred members.

There has been a 10% increase in the proportion of schemes in the Pension Protection Fund (PPF) 7800 index recording a deficit, according to the latest data.

Legal and General Investment Management (LGIM) has launched a fiduciary management service alongside a set of funds aimed at schemes targeting a buyout.