Defined Benefit

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.

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.