Defined Benefit

Buck Consultants is consulting with its UK employees on closing its defined benefit final salary offering by the end of 2014, PP has learnt.

Two groups representing London councils have published reports with contradictory conclusions on the viability of a local government pension scheme (LGPS) merger.

Guinness Peat Group has seen its schemes' deficits increase over the first quarter as an investigation by The Pensions Regulator into its scheme responsibilities continues.

Compass Group has seen its defined benefit scheme deficit fall by more than £50m after making a one-off contribution of £72m in March.

The Global Marine Systems (GMS) pension scheme has appointed Aon Hewitt to act as fiduciary manager.

The government should focus on improving defined contribution (DC) provision in developing the defined ambition agenda, according to the TUC.

Minute gains in the FTSE has seen private sector defined benefit deficits increase for the second month in a row, adding £20bn, research from the Pension Protection Fund (PPF) shows.

The BT Pension Scheme has seen its defined benefit deficit more than double to £5.7bn as discount rate falls pushed up liabilities, its final year results show.

The Department for Communities and Local Government (DCLG) is expected to launch a call for evidence into a merger of local government pension scheme (LGPS) funds.

The combined defined benefit deficit of FTSE350 firms has risen 50% during the first four months of this year, research from Mercer shows.