Defined Benefit

The trustees of the Dynochem UK Pension Scheme have concluded a £15m buyout of pensioner liabilities and 100 members with the Pension Insurance Corporation (PIC).

Global firms may be underestimating their defined benefit (DB) liabilities by "tens of billions of euros" because of differing longevity across the countries in which they operate, LCP warns.

Trustees should explore reshaping benefit structures before entering into a buyout to avoid paying over the odds for inflation hedging, say consultants.

Jack Jones looks at the state of the UK’s growing number of £1bn plus schemes

An amendment to the Financial Assistance Scheme (FAS) regulations could offer ineligible schemes a "last-chance opportunity" to secure funding support.

Car dealership Pendragon has seen its pension deficit rise after the Financial Reporting Council (FRC) intervened to change the structure of a £35m asset-backed contribution (ABC).

The Pensions Regulator's (TPR) defined benefit (DB) code of practice has been dismissed as ‘500 pages of garbage' by BESTrutees chairman and former non-executive director at the watchdog Alan Pickering.

Only 12% of charities see having a defined benefit (DB) pension scheme as essential for recruitment, mostly in order to compete with the public sector, according to the Charity Finance Group (CFG).

A British Airways (BA) pensioner will not continue with a Pensions Ombudsman (PO) complaint against the Airways Pension Scheme (APS) trustees as they have become embroiled in a court battle with the airline.

The Pensions Ombudsman (PO) has ruled in favour of the trustees of the Airways Pension Scheme (APS) in the latest twist in a long-running battle over indexation.