Defined Benefit

The Superannuation Arrangements of the University of London defined benefit scheme has awarded an £80m risk parity mandate to First Quadrant.

Troubled clothing retailer Peacocks has seen its scheme deficit increase by 73% as the scheme undergoes assessment to enter the Pension Protection Fund.

Lloyds Banking Group has seen its defined benefit surpluses increase along with strong performance from corporate pension provider Scottish Widows, its final results show.

British Airways has seen its combined defined benefit deficit increase despite asset increases of over €2bn (£1.73bn), its final results show.

The Royal Bank of Scotland's defined benefit deficit has risen to £3.9bn over 2012 in a year which saw it fall as low as £1.7bn, its final results show.

The latest set of financial results from FTSE companies has re-ignited the debate over smoothing discount rates as strong asset returns were wiped out due to falls in discount rates.

National Express has seen its schemes' overall deficit increase more than ten times despite securing a buy-in for one of its three schemes.

AkzoNobel has slashed deficit recovery plans for its main UK schemes by almost €500m (£440m) over the last year as part of a strategy to cut costs and improve returns.

Water, electricity and gas companies are moving their actuarial valuation dates in a bid to include pension costs in consumer pricing reviews, PP has learnt.

Centrica has set up an £84m funding structure backed by loans to other companies in the group in a bid to plug its defined benefit deficit.