Defined Benefit

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.

Guinness Peat Group (GPG) says it two of its three sponsoring employers have been found to be "insufficiently resourced" in its regulator investigation.

Lloyds Banking Group (LBG) workers may strike over the group's decision to cut pensionable pay increases from its defined benefit (DB) schemes.

British Airways (BA) will continue to "contest every claim" from pensioners for inflation protection compensation, despite losing the initial judgment.

Sainsbury's defined benefit (DB) scheme actuarial deficit has fallen by £635m over the three years between March 2009 and 2012, its interim results show.

Jack Jones tracks the rise of online valuation tools

A pensioner in the Airways Pension Scheme (APS) has won a default judgment against British Airways (BA) to cover losses after the scheme downgraded inflation protection.

KPMG has launched an online platform that lets trustees and scheme sponsors monitor funding levels and analyse risk in real time.

Engineering firm Babcock International Group has seen a six-month £212m spike in its defined benefit (DB) deficit despite using a higher discount rate, its half year report shows.