Defined Benefit

The Universities and College Union (UCU) has accused Universities UK (UUK) of failing to come clean over the true impact of the Universities Superannuation Scheme (USS) pension proposals.

Pension Insurance Corporation (PIC) will fund the development of a residential tower block of affordable housing in West London.

Defined benefit (DB) pension schemes must stay alive to heightening risks to funding from sponsor covenants, climate change and longevity experience, The Pensions Regulator (TPR) says.

Trustees have been warned to keep an eye on weakening employer covenants even after a positive aggregate funding experience in the last three years as myriad funding and investment issues pose risks to defined benefit (DB) schemes.

While trustees are split on whether compulsory knowledge should include a full regulatory understanding of the process of a pension transfer, many agree it could help better protect vulnerable savers.

The revised defined benefit (DB) funding code is not likely to be live until late 2022, The Pensions Regulator (TPR) has said.

The majority of sub-£250m schemes plan to achieve a buyout as their scheme’s endgame even if pricing opportunities are not necessarily in their favour, Mercer research finds.

British businesses have ploughed £200bn into defined benefit (DB) pension contributions over 15 years to avoid a drop in pension funding levels, according to a report from Lane Clark & Peacock (LCP).

April’s activity in the defined benefit (DB) transfer market fell to the lowest level since September last year, dropping by almost a quarter, while the number of transfers showing ‘red flags’ for scams increased to a three-month high, according to XPS...

The deficit of Royal Mail’s defined benefit (DB) cash balance scheme increased over the year as the company awaits secondary legislation for collective defined contribution (CDC), according to its annual results.