Defined Benefit

The TRW Pension Scheme has secured a £2.5bn pensioner buyout with Legal & General (L&G) after a year-long liability management project involving pension increase exchange (PIE) and enhanced transfer value (ETV) exercises.

Schemes sponsors could receive a £2bn tax windfall following a change in HM Revenue and Customs' (HMRC) policy on VAT recovery in response to two European Court cases.

The Daily Mail and General Trust (DMGT) has agreed a recovery plan with trustees of its defined benefit (DB) schemes that will see it contribute £350m over 12 years.

Mitchells and Butlers has agreed a ten-year recovery plan with trustees of its defined benefit (DB) scheme, after its latest triennial valuation revealed a £527m shortfall.

PP examines the pros and cons of holding corporate-style annual meetings

Defined benefit trustees believe managing investment risk will present them with the biggest challenge next year, according to PP research.

The biggest stories on PP this week involved controversy over the LGPS, an overhaul at Santander's scheme, a new chief exec at TPR, and a PPF sell off. Here are the top five.

PP looks at why trustees are coming under pressure over trapped surpluses and what they can do about it

The University and College Union (UCU) has agreed to suspend industrial action over planned changes to the Universities Superannuation Scheme (USS) until next January.

PP examines what the latest inflation report means for schemes