Defined Benefit

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.

Buzz respondents were split equally over the prospect of scrapping compulsory limited price index (LPI) inflation protection for DB schemes.

Trustees of the Kodak Pension Plan (KKP) have launched a new scheme for its 15,000 members after reaching an unprecedented agreement to keep them out of the Pension Protection Fund.

Companies are less likely to be wound up because of their pension deficit after the Supreme Court upheld a decision to set a high threshold for declaring a business insolvent.

Half the firms in the FTSE100 will have transferred risk from their pension scheme to an insurer by 2017, according to analysis from Hymans Robertson.

The London Pensions Fund Authority's (LPFA) funding level is around 95%, according to its 2013 valuation.