Defined Benefit

The Chancellor will use his Autumn Statement to launch a review into the discount rate The Pensions Regulator uses to calculate the size of deficits.

Removal firm Pickfords has shifted its defined benefit scheme off its balance sheet via a management buyout following a prepack administration which took place at the end of November.

The Pensions Ombudsman has ruled against a firm which alleged that a scheme member who was a director of a company and a trustee of its scheme failed to manage conflicting interests.

RSA and Heineken have signed up to use PensionsFirst's PFaroe platform to help manage their defined benefit pension risk.

Greene King is to close its three defined benefit schemes to future accrual after a consultation with active members, its half yearly report announces.

Labour MP Keith Vaz has called for changes to the proposals for police pensions in a parliamentary debate.

Invensys will plough almost half the proceeds from the £1.7bn sale of its rail business to Siemens into its underfunded pension scheme.

Warwickshire County Council Pension Fund has appointed JP Morgan Asset Management to run its active global credit mandate.

Just Retirement has launched a medically underwritten buy-in service aimed at small and medium-sized defined benefit schemes.

In the first of PP’s series of Scheme Excellence interviews, Helen Morrissey talks to the Isle of Man Government Unified Scheme about how 15 separate schemes were merged into one