Defined Benefit

HMV's administrator has submitted section 120 forms to the Pension Protection Fund despite the purchase of its debt by Hilco.

The Pensions Infrastructure Platform will not open to smaller pension schemes until mid-2013, after delays pushed back the fund's launch date.

The government is considering relaxing a black-and-white definition of "money purchase" to avoid shifting the goalposts on defined contribution schemes with guarantees, according to experts.

Unilever's scheme deficit rose by €500m in 2012 due to falling discount rates and a 33% fall in the value of its assets.

Children's charity Barnardo's has announced it will close its defined benefit scheme ahead of auto-enrolment.

Pension Insurance Corporation has signed a second £30m bulk annuity deal with the Cookson Group Pension Plan, following its first buy-in in 2012.

The smallest occupational schemes will only have to send scheme returns to The Pensions Regulator once every five years under the draft pensions bill published today.

The trustee of the Britvic Northern Ireland pension plan has appointed Buck Consultants to provide complete pension services.

HMV's pension scheme is likely to enter Pension Protection Fund assessment despite a scheme apportionment arrangement in 2011, after the company announced its intention to enter administration today.

Controlling funding status volatility has topped trustees' wish lists for 2013, according to an SEI poll.