Defined Benefit

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.

The London Pension Fund Authority (LPFA) has launched a risk-based employer contribution assessment for Local Government Pension Scheme (LGPS) funds.

Low cost supermarket Morrisons' net pension liabilities almost halved from £20m to £11m over the 12 months to February 2014.

The combined deficit at UK schemes shrunk by 20% last month, according to figures from the Pension Protection Fund (PPF).

Lloyds Banking Group (LBG) has confirmed it will scrap pensionable pay increases in its defined benefit (DB) schemes from April, netting a one-off saving of £1bn.

PwC has added two partners, Julia Dickson and Gavin Stoner, to its employer covenant assessment team, taking its number of staff to 50.

The final batch of regulations for Local Government Pension Scheme (LGPS) 2014 has been laid before Parliament.

HM Revenue and Customs has announced measures to help defined benefit (DB) schemes handle the administration associated with the abolition of contracting out.

The John Lewis Partnership defined benefit (DB) scheme's total accounting deficit hit £1bn in January 2014, its latest results show.

Blackrock chief executive officer (CEO) Larry Fink has said many schemes are not counting the cost of longevity which could have a detrimental impact on their liabilities.