Defined Benefit

Follow all the announcements from today's Pre-Budget Report as they happen on PP Online from about 12.30pm.

Proposed changes to IAS19 will dramatically increase reported pension costs, Hewitt Associates says.

Towers Perrin and Watson Wyatt have been granted conditional clearance to proceed with their merger to form Towers Watson.

Trustees need better access to company information in a bid to monitor covenants more effectively, a Hewitt poll reveals.

Logica has confirmed it is set to close its final salary scheme to existing members as part of a restructure of its UK pension arrangements.

Voting on the final shortlist of Pendragon's ever-popular Art of Pensions competition has begun.

Richard Reid has stood down from his role as chief executive following JLT Group's purchase of HSBC Actuaries and Consultants.

Interserve has agreed to transfer a portfolio of 13 private finance initiative investments, valued at £61.5m, into its pension scheme.

This week has been full of suggestions for change in the pensions industry.

The Pensions Archive Trust has formally launched a national schools competition on pensions for pupils aged between 16 and 18 years-old.