Defined Benefit

The Pensions Regulator (TPR) blocked plans for the Co-operative group to retain a stake in its banking business over fears this would undermine its ability to support its defined benefit (DB) scheme, according to reports.

The Universities Superannuation Scheme (USS) increased its allocation to alternatives to 19% in the year to the end of March.

A buyout which kept the MF Global scheme out of the Pension Protection Fund (PPF) was only achieved after the scheme's insolvent employer was threatened with regulatory action, says The Pensions Regulator (TPR).

Trustees of Cooper Tire's UK scheme have asked The Pensions Regulator (TPR) to intervene in the sale of its US parent company to Apollo Tyres, according to reports in the Financial Times.

Hymans Robertson's long standing onlineNavigator tool has been updated to provide trustees with instant information on scheme funding levels and cash flows.

The Department for Communities and Local Government (DCLG) has confirmed it is considering a single, national Local Government Pension Scheme (LGPS) fund.

The Greater Manchester Pension Fund (GMPF) has been chosen to host the Ministry of Justice's (MoJ) 35 existing probation trust funds, following a fund merger.

The Pensions Regulator (TPR) will consult on a new defined benefit (DB) code of conduct in November.

More than half this week's contributors rejected the notion of the Pension Protection Fund (PPF) taking on the schemes of solvent employers.

Contributors supported by a margin of two to one the idea of ring-fencing money raised through the Royal Mail sell off to fund the pension deficit taken on by the government.