Defined Benefit

Delaying the tightening of pension transfer regulation until after the April pension freedoms could result in two months of confusion and poor decisions, it has been said.

Companies spend too much time on defined benefit (DB) schemes compared to defined contribution (DC) schemes according to Calor Gas financial director Adam Thompson.

Taylor Wimpey has cut annual deficit recovery contributions by £30m after completing a raft of liability management exercises including a £206m medically underwritten buy-in.

The Financial Conduct Authority (FCA) is proposing changes to its rules that would require all pension transfer advice to be verified by a qualified specialist.

The British Coal Staff Superannuation Scheme has axed surplus sharing arrangements and standstill while introducing annual pension increases for members.

British Polythene Industries (BPI) has agreed with the trustees of its defined benefit (DB) scheme to switch its pension payments to the Consumer Prices Index (CPI).

With the general election almost upon us we eagerly await news telling us what Cameron, Miliband et al want to do to our pension system should they be elected.

Master trusts could take off in the defined benefit market. Michael Klimes finds out why.

The Trinity Mirror Group has agreed to pay £36.2m into its defined benefit schemes on an annual basis over the next three years to plug its ballooning deficit.

Insurance companies now account for 6.5% of all UK defined benefit (DB) pension scheme liabilities following another record year for risk transfers.