Defined Benefit

John Lewis is proposing to cut its defined benefit (DB) pension scheme and introduce a hybrid scheme with an extended defined contribution (DC) structure.

Mortality rates in England and Wales were higher than expected in 2013 as the number of deaths registered exceeded 500,000 for the first time in five years.

Unite is balloting more than 5,000 Ford workers over strike action in a row over job security and pensions.

Premier plans to expand into the provider market by launching a multi-employer defined benefit (DB) scheme and a defined contribution (DC) master trust in March this year.

Lloyds Trade Union (LTU) members have voted in favour of a ballot on industrial action should Lloyds Banking Group (LBG) freeze pensionable pay increases.

Nine out of 10 respondents said public sector schemes would still be with us in a decade, although the majority of those thought they would be significantly changed.

Buzz respondents were not generally against underfunded schemes pursuing liability driven investment (LDI) strategies.

The vast majority of Buzz respondents are pretty relaxed about trustees agreeing to asset-backed contribution structures (ABCs).

The Local Government Pension Scheme's (LGPS) structural reform must be consistent with other changes and adhere to a realistic timetable, the LGPS national advisory board warns.

Jack Jones examines the effect of the FRC’s warning over asset-backed contributions