Defined Benefit

Three pension funds have teamed up to launch a project to measure the relationship between governance structures of UK schemes and the costs of maintaining them.

Premier Farnell has set up a 23-year asset-backed funding structure to plug an £18m deficit in its UK scheme.

Private sector deficits have fallen for the third consecutive month as equity markets bounce back and falling yields slow down, research from the Pension Protection Fund reveals.

Naomi Rainey examines the impact of the high-profile court case

Aon Hewitt will work with the local government pension scheme committee and officers in managing the fund and meeting a number of regulatory requirements.

Train manufacturer Bombardier Transportation UK has selected Mercer to provide actuarial services to the trustees of its seven defined benefit schemes.

Trustees need to "tell the truth" about the value of their contingent assets, the Pension Protection Fund chairman says.

Government proposals to ease the burden of defined benefit deficits on employers by smoothing assets and liabilities could backfire, warns the National Association of Pension Funds.

Construction firm Balfour Beatty has seen its combined deficit increase by 23% as it consults with members on closing schemes to future accrual.

February's continued boost in equities has seen FTSE350 scheme deficits decrease according to Mercer despite continued negative deficit reports coming from 2012 final year results.