Defined Benefit

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.

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.