Defined Benefit

Guinness Peat Group (GPG) has agreed to double payments to its main scheme as The Pensions Regulator (TPR) continues to investigate whether to force the company to increase contributions.

Swallowfield has appointed Punter Southall to provide actuarial, investment and administration services for its Aerosols International Limited Pension Plan (AILPP).

John Lewis has seen its pension liabilities increase by £7m after uncovering mistakes in the way it had calculated holiday pay.

Engineering firm Costain's defined benefit (DB) scheme deficit has reduced following risk reduction exercises and in spite of 2012's plummeting discount rates, its interim results show.

BP has agreed to make more than £1.4bn of additional contributions to its pension schemes over the next five years in a bid to wipe out its deficit by 2017.

Royal Mail and Post Office workers part of the Unite union have overwhelmingly voted against a planned cap on pensionable pay increases.

Oxfordshire, Buckinghamshire and Berkshire County Councils are considering merging their Local Government Pension Scheme (LGPS) funds.

Cadbury will stop sending Christmas hampers to retired staff citing the pension scheme's costs as the reason, even though the scheme itself does not pay for the gifts.

One in six defined benefit (DB) sponsors are considering closing their schemes as one of a range of options when contracting out ends, according to Aon Hewitt.

Santander's combined defined benefit (DB) deficit has increased more than five times in the first half of the year, its interim results show.