Defined Benefit

OCR has secured a buyout with Metlife Assurance for its £11m RSA Examinations Board Retirement Benefits Scheme.

FTSE350 scheme deficits have remained virtually unchanged since 2002 while FTSE100 longevity assumptions have increased for the sixth year running, Mercer says.

The Welsh Assembly Members' scheme will not be reformed as a defined contribution arrangement due to fears this would dissuade "high quality" candidates standing for election.

Nine out of ten people in the industry believe the Pension Protection Fund should be more open about its reasons for denying entry to schemes, according to exclusive PP research.

RM intends to more than double deficit contributions to its defined benefit scheme after closing it to future accrual later this year.

The Pension Protection Fund has bowed to pressure and increased next year's levy estimate by 15% instead of the 25% hike feared by some analysts.

The average length of deficit recovery plans agreed after the latest round of valuation will be three years longer than in 2011, according to research by PwC.

The Pension Protection Fund has set out its new rules for when and how it will make funding determinations.

Argos employees who are members of Unite have threatened more strike action unless the retailer resolves a dispute over the closure of its defined benefit scheme.

The number of active members in occupational schemes in the UK continues to slide according to figures from the Office for National Statistics.