Defined Benefit

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

The later scheme members retire, the longer they are likely to live according to research carried out by Club Vita.

PZ Cussons three UK defined benefit (DB) schemes' total surplus has grown £4m to £19.3m as of 30 November 2013, compared to 2012's figure of £15m.

The Unilever defined benefit (DB) scheme deficit has fallen from £2.72bn to £1.65bn over 2013.

The majority of Buzz respondents do not want The Pensions Regulator (TPR) to be given the power to close under-funded schemes to future accrual.