Defined Benefit

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.

The Pensions Regulator is investigating investment holding company Guinness Peat Group over its pension scheme responsibilities.

Pensions minister Steve Webb has urged the European Commission to scrap its Solvency II-style proposals for pensions after official figures estimated they would cost UK schemes £450bn.

UK defined benefit sponsors would have to pump €527bn (£448bn) into schemes to meet funding requirements proposed by the European Commission, says the European Insurance and Occupational Pensions Authority.

Private sector deficits increased last month for the first time this year after slower growth in equities, research from the Pension Protection Fund shows.

The Metroline London Nothern Pension Scheme and Metroline Pension Scheme have appointed SEI to act as fiduciary manager.

It would seem most contributors still think there is life left in defined ambition. But sadly a closer inspection of responses reveals that many who said the accelerated ending of contracting out had not killed DA thought this was because the idea was...

The on-going volatility in defined benefit scheme funding continues as £11bn was added to FTSE350 deficits over March, research from Mercer shows.