Defined Benefit
Defined Benefit
The potential loss of scheme flexibility outlined in The Pensions Regulator’s (TPR) interim response to its defined benefit (DB) funding code should not be a concern as long as schemes can manage risk, the watchdog said.
09 March 2021
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3 min read
Defined Benefit
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the February 2021 estimates on the various measures…
09 March 2021
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4 min read
Defined Benefit
Changes to corporation tax announced in the Spring Budget could see defined benefit (DB) scheme sponsors defer contributions in favour of tax relief, according to Barnett Waddingham.
04 March 2021
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1 min read
Defined Benefit
Universities Superannuation Scheme (USS) has reported a technical provisions deficit of between £14.9bn and £17.9bn as of 31 March 2020, and delayed its valuation as it considers how to proceed.
03 March 2021
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5 min read
Defined Benefit
DB scheme consolidator Stoneport hopes to get 100 schemes signed up by the end of next year, but employer covenant will be vital, chief executive Richard Jones tells James Phillips.
26 February 2021
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7 min read
Defined Benefit
The outlook for future longevity in the UK has not necessarily worsened as a result of the coronavirus pandemic, Aon says.
26 February 2021
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1 min read
Defined Benefit
Mitchells & Butlers has deferred £13m of deficit recovery contributions (DRCs) after tier four Covid restrictions wreaked havoc across the hospitality sector.
22 February 2021
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1 min read
Defined Benefit
British Airways (BA) has deferred deficit recovery contributions (DRCs) totalling £450m following an agreement with trustees after a catastrophic year for the airline industry.
22 February 2021
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2 min read
Defined Benefit
The Plumbing and Mechanical Services (UK) Industry Pension Scheme was 99% funded on a low-dependency basis, a valuation conducted amid economic turmoil has confirmed.
12 February 2021
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2 min read
