Defined Benefit

Heathrow’s DB scheme sees deficit in first half of the year fall from £128m to £30m

Industry says a public sector consolidator should be aimed at small, fully funded schemes

K3 says trustees of many small schemes are unaware they are within reach of buyout

Broadstone says there has been a ‘radical decline’ since the start of 2022

Aon research finds two-fifths of members were provided with fully paid-for advice

Industry warns trustees and sponsors to avoid complacency despite positive movement

Hymans expects more insurers will develop ‘dedicated’ solutions for small schemes

FT reports Canadian-based firm has filed paperwork with the PRA to set up UK insurer

Funding position grows from 96.1% at end of 2023 to 99.1% by end of H1 2024

Consultancy says surpluses ‘remain stable’ on long-term targets