Defined Benefit

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.

The Department for Work and Pensions has launched a consultation on giving more flexibility to pension scheme members whose scheme enters the Pension Protection Fund.

The Pension Protection Fund has announced that the levy estimate will be £630m with fewer schemes having their levies capped.

The European Insurance and Occupational Pensions Authority has warned of a "worrying decrease" in the funding provisions within defined benefit schemes in the UK.