Taylor Wimpey has cut annual deficit recovery contributions by £30m after completing a raft of liability management exercises including a £206m medically underwritten buy-in.
British Polythene Industries (BPI) has agreed with the trustees of its defined benefit (DB) scheme to switch its pension payments to the Consumer Prices Index (CPI).
The Trinity Mirror Group has agreed to pay £36.2m into its defined benefit schemes on an annual basis over the next three years to plug its ballooning deficit.
Balfour Beatty has set up an £85m asset-backed contributions structure to plug the estimated £284m deficit of its defined benefit (DB) pension scheme.
Heathrow has agreed to spend an extra £3m annually over nine years until 2023 to plug the £300m deficit of its defined benefit (DB) pension scheme.
The market for enhanced bulk annuities has almost hit £700m after a bumper fourth quarter in which 10% of all transactions was medically underwritten, according to research from Hymans Robertson.
The record deficits recorded on the Pension Protection Fund (PPF) 7800 index last month are no cause for alarm according to the lifeboat fund's chief executive.
Centrica initiated a pension increase exchange (PIE) exercise across its defined benefit (DB) pension schemes in 2014.