Defined Benefit

Kcom has spent £895,000 putting in place an asset-backed contribution structure (ABC) that will deliver £1.1m a year to its defined benefit scheme for the next 15 years.

Asset-backed contribution structures (ABCs) are increasingly being used to fund smaller deficits, according to research from Deloitte.

Mercer has launched an app that gives clients access to daily information about the funding status of their schemes.

Tough action on Local Government Pension Scheme (LGPS) costs could save taxpayers £1bn and avoid a "death spiral" for the scheme, the Centre for Policy Studies (CPS) says.

QinetiQ has closed its defined benefit (DB) scheme to future accrual, cutting its deficit by half to £20m.

Taha Lokhandwala looks at the on-going dispute between pensioners in the Airways Pension Scheme and its sponsor British Airways

Jonathan Stapleton says the BA case highlights the friction between firms and pensioners

The Pensions Regulator (TPR) has urged trustees to examine asset-backed contribution structures (ABCs) carefully and explore "less risky alternatives" before entering into such an arrangement.

Lloyds Banking Group (LBG) will give all staff transferring to TSB a cash payment of 27.5% of annual salary to "compensate" them for losing access to the group's defined benefit (DB) scheme.

Specialist managers are securing an increasing slice of the fiduciary management (FM) market as a result of improved governance and appointment processes, according to research from KPMG.