Ombudsman rejects complaints against British Steel trustees
The Pensions Ombudsman (TPO) has rejected a number of complaints from members of the embattled and collapsed British Steel Pension Scheme (BSPS).
The Ombudsman gave final considerations in four lead cases on 13 January, after accepting 229 complaints in March last year. While each case was individual and differed slightly, all included a point on...
More on Defined Benefit
DB funding - January 2020: Gilt yield drop pushes up deficit by £64bn
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the January 2020 estimates on the various measures…
PASA launches consultation on DB transfers code
The Pensions Administration Standards Association (PASA) has launched a consultation seeking views on its combined code for defined benefit (DB) transfers.
Exclusive: Schroders pension scheme allocates £800m of DB assets to in-house solution
The Schroders Retirement Benefits Scheme (SRBS) is allocating £800m of its defined benefit (DB) assets to its in-house cashflow driven investing (CDI) building blocks.
Universities set for further USS strike action
The University and College Union (UCU) has announced a further 14 days of strike action at 74 UK universities in a continuing dispute about pensions and pay.
Mercer debuts AI tool to predict DB outcomes
Defined benefit (DB) pension schemes will be able to predict the outcome of member options exercises using artificial intelligence (AI), says Mercer.
