Defined Benefit

Ford has offered to top up the pensions of former Visteon workers in a bid to end a long-running dispute which had been due to reach the High Court later this year.

The average funding level of university pension schemes rose 5% last year on the back of strong asset performance supported by deficit contributions, according to the latest data from Barnett Waddingham.

Just over a third of respondents think the number of member-nominated trustees (MNTs) on boards is shrinking as an increasing number of schemes close.

Naomi Rainey examines the potential impact of the government’s defined contribution revolution on defined benefit schemes

Kingfisher has seen the funding level of its defined benefit (DB) scheme drop from a £71m surplus to a £29m deficit.

Government proposals to scrap restrictions on pensions access could lead to a further wave of employers closing defined benefit (DB) plans to future accrual.

The Pension Protection Fund has delayed the implementation of its new tailored insolvency model until October - saying further work was needed to integrate scores into the levy framework.

Naomi Rainey sums up the LGPS position as the new scheme takes effect

The government will ban public sector workers from transferring pension pots to defined contribution (DC) arrangements and is considering similar restrictions on private sector schemes, it has announced.

Employers participating in the NHS, Teachers and Civil Service pension schemes will face higher contributions from 2015, chief secretary to the Treasury Danny Alexander has confirmed.