Defined Benefit

How to approach the end of contracting out

The Merchant Navy Officers Pension Fund (MNOPF) has tied up a £1.3bn buyout of its old section that includes a one-off discretionary increase for all members.

STV has agreed an accelerated deficit recovery plan with trustees of its two defined benefit (DB) schemes after protracted negotiations.

Proposals for a credit rating override in the Pension Protection Fund (PPF) levy framework could create an uneven playing field and significantly increase levies for big firms, warns Towers Watson.

Tesco corporate pensions manager Karen Wake has left the scheme after her contract ran out, a spokeswoman has confirmed.

The Universities Superannuation Scheme (USS) has appointed Jeremy Hill to provide legal services to its trustee company and investment arm.

The aggregate deficit of the Pension Protection Fund 7800 Index shrank from £109.0bn to £118.2bn last month according to figures released by the lifeboat fund.

Labour’s Gregg McClymont says unwinding the UK pension system would be a big risk

Over a quarter of defined benefit (DB) pension schemes offering survivor benefits have failed to equalise their rules for same-sex couples, a government report shows.

Employers showed a "lack of interest" in proposals to give them greater flexibility over defined benefit (DB) schemes, says the Department for Work and Pensions (DWP).