Defined Benefit

Actuaries claim public sector workers will gain from the abolition of contracting out but unions contend it could derail public sector scheme reform.

Representatives from the Nortel Networks UK Pension Plan and the Pension Protection Fund have travelled to Canada in a bid to secure more than $2bn (£1.2bn) from an international mediation.

The Pension Protection Fund is likely to lose a 33% stake in Jessops after the high-street camera retailer entered administration.

The Superannuation Arrangements of the Universities of London has banned transfers in from any scheme not in the public sector transfer club.

Companies should consider early adoption of the revised IAS19 as it impacts risk-management strategies, a consultant warns.

The Retail Prices Index should not be brought in line with the Consumer Prices Index, AXA Investment Managers has argued, ahead of a decision by the Office for National Statistics later this week.

Asset-backed funding arrangements became more prevalent in 2012 as a wider variety of companies used a greater array of assets to fund deficits, says KPMG.

Interserve has agreed to transfer a portfolio of 19 private finance initiatives to its scheme to reduce its actuarial deficit from £150m to £95m.

Scheme deficits remained largely unchanged over the last year despite gains in asset prices, Pension Protection Fund research says.

The Pensions Regulator has explained why it sanctioned the restructuring of UK Coal which saw its scheme take a majority stake in part of the business in return for a £30m investment.