Defined Benefit

Nacro, the UK's largest charity dedicated to crime reduction, has given P-Solve a fiduciary mandate for its pension scheme.

Jack Jones looks at plans revealed in the Autumn Statement to ease the burden of DB

The Co-operative has added an additional assessment criterion for auto-enrolment to address the issue of fluctuating hours.

Deficits in UK schemes remain stubbornly high as the aggregate shortfall for schemes in the PPF 7800 index rose above £250bn last month.

Solvency II-style capital requirements for schemes could cost employers £350bn, cut 180,000 jobs from the economy and reduce the value of pensions warns the Confederation of British Industry.

Two doctors and their accomplice have been banned from acting as directors of a company for more than 14 years for failing pay almost £700,000 in staff pension contributions to their scheme.

More than £900m bulk annuity transactions were agreed between July and September 2012, bringing total business to £2.5bn in the year so far.

Cumbria City Council has awarded the £130m fixed income mandate of its pension scheme to Standard Life Investments.

Trade bodies have balked at the prospect of an increase in the Pension Protection Fund compensation cap, arguing the cost will be passed onto schemes and employers.

FTSE350 defined benefit deficits have risen 11% over November but funding ratios remains stagnant at 90%, a Mercer survey shows.