Defined Benefit

The Lancashire County Pension Fund has agreed to re-allocate £150m of its investment portfolio from global equities to local infrastructure projects.

Exactly half of Buzz respondents believe the proportion of assets in fully delegated fiduciary management mandates will increase over the next few years.

The transformation of MyCSP from a government agency to a mutual joint venture was hampered by complexity and poor data, the National Audit Office (NAO) has found.

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.