Defined Benefit

Pension fund trustees are increasingly responsible for managing risk, but lack the skills to do, according to research by a pension consultancy.

The Royal Bank of Scotland (RBS) Group Pension Scheme says its in-house investment team has generated an extra £1.1bn in value over the last four years.

Pension Insurance Corporation (PIC) increased its operating profit by 200% in the first half of the year following a string of new bulk annuity contracts.

Railpen Investments wants to have fewer and deeper relationships with asset managers after discovering that headline fees are around just a fifth of total fees.

Natasha Browne asks whether negative reaction to the outflow from US high yield was exaggerated

Some 30% of defined benefit (DB) pension schemes are significantly in surplus, according to Aon Hewitt.

Santander has trimmed its UK defined benefit (DB) pension scheme obligation by £230m by introducing a cap on pensionable pay increases, according to the bank's half-yearly report.

The Pensions Regulator (TPR) has given the trustees and sponsors of the Brunel and Staveley pension schemes an extra three months to respond to a warning notice issued last year.

Growth in bulk annuity sales at Partnership Assurance has helped compensate for a 43% fall in individual annuity sales, according to the firm's half-year results.

The aggregate deficit of the Pension Protection Fund (PPF) 7800 Index increased in July from £109.0bn to £122.7bn, according to figures released by the lifeboat fund.