Defined Benefit

Companies should consider early adoption of the revised IAS19 as it impacts risk-management strategies, a consultant warns.

The Retail Prices Index should not be brought in line with the Consumer Prices Index, AXA Investment Managers has argued, ahead of a decision by the Office for National Statistics later this week.

Asset-backed funding arrangements became more prevalent in 2012 as a wider variety of companies used a greater array of assets to fund deficits, says KPMG.

Interserve has agreed to transfer a portfolio of 19 private finance initiatives to its scheme to reduce its actuarial deficit from £150m to £95m.

Scheme deficits remained largely unchanged over the last year despite gains in asset prices, Pension Protection Fund research says.

The Pensions Regulator has explained why it sanctioned the restructuring of UK Coal which saw its scheme take a majority stake in part of the business in return for a £30m investment.

FTSE250 IT services provider Computacenter has reached an agreement with the Communication Workers Union over scrapping the firm's dependents death in service pension benefit.

UK pension funds finished 2012 in slightly better health than they began the year after a rise in asset values pushed average funding ratios to 90%, according to JLT Pension Capital Solutions.

The government will consult on excluding local councillors from the local government pension scheme in a bid to save £7m per year.

Pension Insurance Corporation founder Edmund Truell has been appointed as the chairman of the London Pensions Fund Authority.