Defined Benefit

Employers are potentially leaving themselves on the hook for significant unprotected retirement costs when closing defined benefit (DB) schemes.

Museum and gallery workers have taken part in ongoing national strike action over changes to civil service pension scheme terms.

The Royal Mail is planning to cap pensionable pay increases for members of its pension plan as costs escalate and privatisation looms, despite a liability transfer to the government.

Fewer than one in 10 respondents expect schemes to be fully funded within the next couple of years.

Consolidation is not popular at the LGPS coalface, Rachel Dalton says

Local Government Pension Scheme (LGPS) investment regulations must be relaxed immediately in order to make the 2014 reformed scheme a success, industry figures say.

The 2013 regulations for the Local Government Pension Scheme (LGPS) do not do enough to help schemes protect against insolvent employers, experts warn.

Asset-backed funding (ABF) arrangements are reaching new levels as the industry saw £700m worth of deals in the six months from September 2012, research from KPMG shows.

Loan notes are becoming popular in asset-backed funding as pension schemes and sponsors increasingly use special purpose vehicles (SPVs) to reduce scheme deficits, lawyers say.

Naomi Rainey looks at Cheshire Pension Fund’s approach to the changing shape of local authorities