Defined Benefit

A drop in the FTSE over August has wiped out summer deficit reduction as levels return to those seen in May, research from Mercer shows.

The Pension Protection Fund (PPF) has confirmed it will increase its levy for 2014/15 by 10% to £695m.

Go-Ahead has triggered a formal 60-day consultation on closing its defined benefit (DB) scheme to future accrual, its final results show.

Nearly one third (32%) of public sector workers are considering returning to work post retirement due to financial concerns according to research from Teachers Assurance.

The UK Kodak Pension Plan (KPP) has completed its acquisition of the Kodak Personalised Imaging and Document Imaging business from Eastman Kodak Company (EKC) amid praise from The Pensions Regulator (TPR).

Johnson Service Group (JSG) will merge its existing three defined benefit (DB) schemes into one as it looks to cut operating costs.

Deficits in the private sector rose in August with smaller-cap listed and unlisted firms mainly to blame, research from JLT Employee Benefits (JLTEB) shows.

Legal and General Trustees has (LGT) changed the rules of its master trust to accept members from closing occupational schemes to boost the scale of the vehicle.

Timing the introduction of governance changes in the Local Government Pension Scheme (LGPS) will be key to their success, respondents to a Department for Communities and Local Government (DCLG) consultation have warned.

Serco has paid £16.8m to eliminate the deficit of its Vertex pension fund, paving the way for it to be transferred into the company's main defined benefit (DB) scheme.