Defined Benefit

An increasing number of FTSE100 firms are seeking alternatives to straight cash funding, with 38 FTSE100 companies disclosing some form of security arrangements in their 2013 accounts, LCP research finds.

If all the FTSE100 companies still using the RPI inflation measure in their pension schemes were to move to using RPIJ, the combined pension deficit could fall by up to £20bn, LCP says.

The funding level of FTSE350 pension schemes tumbled to a four-year low of 83% after deficits grew by £4bn last month.

BBA Aviation has introduced an asset-backed funding scheme to replace deficit contributions to its UK defined benefit (DB) scheme, following the firm's sale of a subsidiary.

The Pensions Regulator (TPR) has urged trustees to keep up to date with policy and legal developments by completing newly-created modules in its toolkit for trustees.

The Pensions Regulator's (TPR) updated defined benefit (DB) code of practice comes into force today.

Defined benefit (DB) trustees should consider increasing the transfer values they offer to members in light of the upcoming liberalisation of defined contribution (DC) regulation, according to Mercer.

The Philips Pension Fund has insured a further £300m of pensioner liabilities following on from a £484m buy-in it completed last year.

The Pension Protection Fund (PPF) has called on pension trustees to assess whether the change in definition of money purchase benefits will impact their valuations.

The London Pension Fund Authority (LPFA) is looking to implement sector-wide covenant checks for colleges and universities, charities and housing associations.