Defined Benefit

Longest-serving pensions minister says public sector pensions must be reformed

Report says governance structure must be flexible enough for changing circumstances

Ten-fold increase in surplus since the start of 2021

USS chief executive this week confirmed the scheme’s £14bn deficit has shrunk to £1.6bn

Average time to buyout for DB schemes lowest recorded since index’s inception

Schemes grew from £1bn deficit in 2020 to £32bn surplus at the end of 2021

Rates of scam warning flags rises for the fourth consecutive month

The £11.3bn LGPS schemes say tie-up would benefit both employers and members

PP speaks to the industry about what they want to see laid out this summer

A breakdown of the different models the industry’s two superfunds offer