Defined Benefit

JLT Employee Benefits (JLTEB) has launched an investment platform for defined benefit trustees.

Sainsbury's has announced it is consulting staff members on closing the company's defined benefit scheme to future accrual.

Debenhams has cut its defined benefit deficit by more than a half in the last six months as it shifts its investment focus, its half year results show.

Schemes fighting court cases are being forced to walk an investment "tightrope" in the Pension Protection Fund assessment period as they struggle to secure better than PPF-level benefits.

Tesco has seen its defined benefit deficit increase by more than £500m despite a bump in contributions after its triennial review, its final results show.

Local authority leaders no longer consider pensions to be a major concern for their sector, according to an Ipsos Mori poll.

A rapid increase in late payments to company schemes could be a sign of an "impending wave of restructurings and insolvencies", Pinsent Masons says.

The majority of this week's respondents thought self-sufficiency was the long-term target for most defined benefit schemes. Although many pointed out that this was a protean term, more than half said it was what schemes were aiming for.

GAB Robins UK has entered a regulated apportionment arrangement with the Pension Protection Fund to eliminate its scheme liabilities.

WH Smith has agreed a £13m a year recovery plan to plug the deficit of its closed defined benefit scheme over the next seven years.