Defined Benefit

Water, electricity and gas companies are moving their actuarial valuation dates in a bid to include pension costs in consumer pricing reviews, PP has learnt.

Centrica has set up an £84m funding structure backed by loans to other companies in the group in a bid to plug its defined benefit deficit.

ITV's scheme deficit rose from £390m to £551m over 2012 as a falling discount rate continued to inflict pain on the broadcaster's balance sheet.

Engineering giant GKN has split its UK defined benefit scheme into two in its latest annual move to curtail scheme deficits and reduce risk, its 2012 final results reveal.

Con Keating outlines a different method for scheme valuations

Taha Lokhandwala on the challenges to healthy scheme funding

Premier Foods will use the consumer prices index to calculate benefits in its RHM Pension Scheme following a 66% spike in overall deficits, its 2012 results show.

Scheme deficits increased significantly in January according to the latest funding survey, compounding mixed messages on the state of defined benefit funds during a month of stock market gains.

Insurer RSA saw its deficit rise substantially despite an increase in its assets and contributions from the sponsor, its results show.

Intercontinental Hotel Group has agreed to contribute an additional £45m to its UK defined benefit scheme over the next two years.