Defined Benefit

UK - Barratt Developments has posted a £7.1m (US$11.6m) gain in income as a result of closing its defined benefit scheme to current employees.

Barratt Developments has posted a £7.1m gain in income as a result of closing its defined benefit scheme to current employees.

UK - Here it is - a full list of the winners of the Pension Scheme of the Year Awards 2009, hosted by GP's sister title Professional Pensions.

Here it is - a full list of the winners of the Pension Scheme of the Year Awards 2009.

The government has launched a consultation on plans to relax employer debt rules.

Standard & Poor's Ratings Services has downgraded its long-term debt rating for ITV because of a "ballooning" pensions deficit and poor first-half performance.

UK - Energy workers have threatened industrial action if their defined benefit pensions are cut following proposals from electricity regulator Ofgem.

Coverage of corporate defined contribution plans is not growing fast enough to fill the gap left by the continuing closure of defined benefit, Trades Union Congress analysis reveals.

Calls by the Trades Union Congress for the government "build upon" restrictions on pensions tax relief are misconceived.

Proposals urging the government to build upon restrictions on pensions tax relief to help those less well off will not encourage good employer provision, industry bodies say.