Defined Benefit

Deficits at the UK's biggest schemes rose more than 20% in January despite big gains on the stock market, according to research from Mercer.

Partnership has completed two medically underwritten buy-ins in a development academics say could kick-start a £380bn market.

The SR Technics UK scheme has avoided entering the Pension Protection Fund after it was cut adrift of its sponsoring employer as part of a corporate restructuring.

Taha Lokhandwala looks at the options for smoothing discount rates

Philip Sutton welcomes the PPF’s new contingent asset guidance

Steve Dainty tells Naomi Rainey how he brought together the Cambridgeshire and Northamptonshire schemes

The £1.2bn Cornwall Council Pension Fund has appointed Invesco Perpetual to manage its £50m diversified grown mandate.

Diageo is to make a one-off £400m contribution to its pension scheme in order to help make good a billion pound plus deficit, its interim results have shown.

The combined deficit of all UK schemes increased by £150bn last year to reach a total of £550bn, research by Xafinity shows.

Engineering firm Renishaw has seen its deficit increase by more than £3m in the last year despite a strong performance from its assets.