Defined Benefit

John Lewis Partnership has seen an £87m increase in its defined benefit (DB) scheme deficit despite pumping in more than £50m, its interim results show.

Trustees who continue to pay bridging pensions beyond age 65 to reflect the rise in state pension age (SPA) could be in breach of trust, according to PTL managing director Richard Butcher.

The total deficit of private sector UK defined benefit (DB) schemes increased by £100bn last month as rising inflation expectations pushed up liabilities, figures show.

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.