Thousands of steelworkers to fall into PPF after failing to return paperwork
More than 25,000 steelworkers did not return their 'options forms' and as a consequence will remain in the current British Steel Pension Scheme (BSPS) for now, to move into the Pension Protection Fund (PPF) at the end of March.
Of 122,000 members, fewer than 97,000 members completed and returned 'options forms', of which 86% were from members choosing to switch to the New BSPS and 14% were from members choosing to move into the...
More on Defined Benefit
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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.
DB funding - February 2021: Gilts-plus deficit eliminated, says PwC
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…
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Covid restrictions lead Mitchells & Butlers to defer £13m of contributions
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