Defined Benefit

The Pensions Regulator (TPR) has used its latest annual funding statement to urge trustees facing difficult negotiations make greater use of flexibilities in the funding regime.

The Pensions Regulator has urged trustees and employers to "work in a collaborative and transparent way" on scheme funding in its latest defined benefit code of practice.

The nine key points from the regulator's new code of practice

Members of the Visteon pension fund have accepted a £28m settlement with former employer Ford over losses suffered when the scheme entered the Pension Protection Fund (PPF).

A FTSE100 firm has become the first company to use a surety bond as part of its scheme funding strategy after securing a £400m transaction, says Aon Hewitt.

Pension deficits have increased for the third consecutive month, according to data published by Mercer.

Deficits in FTSE350 pension schemes are at the lowest levels compared to the financial strength of their sponsors since before the last recession, according to PwC.

Respondents to PP research were divided over whether the Pension Protection Fund (PPF) had succeeded in keeping its annual levy stable and predictable.

Fuller Smith and Turner will close its final salary scheme to future accrual next year, the company has announced.

Kcom has transferred a £16m secured loan to an asset-backed contribution arrangement (ABC) set up to fund its scheme.