UK - A £2.1bn FRS17 deficit in BAe Systems' final salary scheme has been revealed after an actuarial valuation by Aon Consulting.
The £4.5bn BAe Systems Pension Scheme is introducing a hybrid scheme for new members in April made up of a DB core with a DC overlay.
Employee contributions into the scheme were increased at the end of 2003 and will be reviewed again after a further valuation later this year.
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The trustees of the Kodak Pension Plan No.2 (KPP2) have said it will likely enter the Pension Protection Fund (PPF) in "due course" after reviewing the scheme's investment in Kodak Alaris.
A US company has completed a £285m pensioner bulk annuity for around 1,100 of UK members with Legal & General (L&G).
Former BHS chief Dominic Chappell has been accused of trying to rewrite history as he seeks to overturn a conviction for failing to hand over information to the regulator.