Defined Benefit

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.

Telecoms group Everything Everywhere has seen its defined benefit scheme deficit rise by 48% over 2012 as liabilities increased by £60m, according to its results.

Pendragon has merged its six defined benefit schemes into one as its liabilities increase by 245%, its full year results show.

HSBC is to close its defined benefit scheme to future accrual next year after launching a consultation with employees.

The trustees of the Wightlink pension scheme have appointed Punter Southall to provide a full service of actuarial, consultancy and administration services.

Equality organisations have pledged to support same-sex married couples in challenging unequal treatment by occupational schemes.

Amec has closed its career average revalued earnings schemes to new members and offered cash lump sum settlements despite its principal scheme being in surplus, its full-year results show.

A blueprint for constructing mortality models tailored to specific scheme memberships has been developed by academics at Cass Business School's Pensions Institute.

Rolls Royce has seen its UK schemes' funding position fall by 28% due to a decrease in the value of assets, its 2012 results show.