Defined Benefit

Chairman of the Association of Consulting Actuaries (ACA) Andrew Vaughan says transfers from defined benefit (DB) to defined contribution (DC) schemes should not be blocked.

Trustees should expect greater due diligence from companies proposing defined benefit (DB) scheme changes following the IBM ruling, lawyers have warned.

The trustee of the Dairy Crest pension scheme has accepted a reduced schedule of recovery payments in recognition of investments made by its sponsoring employer that will strengthen its covenant.

The Daily Mail and General Trust (DMGT) has agreed a plan to tackle its pension deficit by making payments of £34m a year with additional contributions if it engages in share buy backs.

The burden of complying with an updated European pensions directive and changes announced in the Budget could lead employers to wind up small schemes, warns a consultant.

Norfolk, Suffolk and Hackney Pension Funds have appointed HSBC Securities as custodian through the National Local Government Pension Scheme (LGPS) Frameworks.

Marston's has announced it will close its final salary pension scheme to future accrual from 30 September 2014.

DCLG's proposals for the future of the LGPS fall flat, Naomi Rainey says

Naomi Rainey looks at the government’s latest consultation on the LGPS

Trustees of the RetailLink Management Limited pension plan have put in place a deal to buy out the £35m scheme over the next four years.