Defined Benefit

Trustees need to "tell the truth" about the value of their contingent assets, the Pension Protection Fund chairman says.

Government proposals to ease the burden of defined benefit deficits on employers by smoothing assets and liabilities could backfire, warns the National Association of Pension Funds.

Construction firm Balfour Beatty has seen its combined deficit increase by 23% as it consults with members on closing schemes to future accrual.

February's continued boost in equities has seen FTSE350 scheme deficits decrease according to Mercer despite continued negative deficit reports coming from 2012 final year results.

John Lewis is conducting an extensive two-year review into its pension provision after revealing its final salary scheme deficit rose by almost 29% in 2012.

Croydon Pension Fund is the latest local government pension scheme to add infrastructure to its investment portfolio.

Engineering firm Costain has seen the benefits of its incentive exercises wiped out as its deficit remained relatively unchanged, its final results show.

The government could see thousands of public and civil servants walkout in protest to cuts in pay, pensions and jobs following a yes vote to strike from the Public and Commercial Services Union.

The Rail, Maritime and Transport union has launched a campaign against construction firm Balfour Beatty after it proposed to close its defined benefit scheme to future accrual.

Jack Jones looks at responses to the DWP consultation on smoothing discount rates