Defined Benefit

Jack Jones asks whether it is inevitable all bulk deals will be medically underwritten in future

The Pension Protection Fund (PPF) is consulting on changes to the valuation assumptions it uses, which could increase the number of schemes entering the lifeboat fund.

Bedfordshire Fire and Rescue Service has appointed the London Pension Fund Authority (LPFA) to provide third-party administration and payroll services.

Defined benefit (DB) pension schemes are more satisfied with their investment consultants (83%) than defined contribution (DC) plans (79%), according to the National Association of Pension Funds (NAPF).

The number of active members of defined benefit (DB) schemes who have contracted out of the additional state pension fell between 2008 and 2012, says the Office for National Statistics (ONS).

British Polythene Industries (BPI) is to restructure a property-backed funding partnership with its scheme after an intervention from the Financial Reporting Council (FRC).

London Borough of Croydon Pension Fund has reappointed BNY Mellon as custodian.

The Pensions Regulator (TPR) has defended its draft guidance on defined benefit (DB) funding after the Trades Union Congress (TUC) and Confederation of British Industry (CBI) criticised the code.

The National Union of Journalists (NUJ) will appeal the Pensions Ombudsman's (PO) decision that the BBC did not breach its implied duty when putting in place an annual pensionable pay cap of 1%.

The introduction of the flat-rate state pension will result in 'unintended consequences' for public sector pension schemes, the Local Government Association (LGA) warns.