Defined Benefit

PP examines what the latest inflation report means for schemes

Trustees and pension professionals have defended the investment returns targeted by defined benefit (DB) schemes in research carried out by PP.

The UK's largest pension schemes have swung from a £25bn surplus six years ago to a £100bn deficit today, according to a report.

Zurich is consulting employees about closing its final salary schemes to future accruals.

The total deficit of schemes in the Pension Protection Fund (PPF) 7800 index soared 230% year-on-year, the latest data has shown.

Guinness Peat Group (GPG) is set to spend around £18m on legal advice and fees over a two-year period, in its defence against action by The Pensions Regulator (TPR).

Recent research from KPMG shows 75% of mandates are awarded without a competitive tender. However, this doesn't mean trustees are not asking tough questions says Helen Morrissey.

FM providers challenge accusations of poor practice

The total value of annual bulk annuity deals is predicted to reach a "new normal" of over £10bn after volumes doubled within two years, according to LCP.

Defined benefit pension liabilities of FTSE 350 firms hit record highs in October as falling bond yields pushed them past £700bn for the first time.