The Kingfisher Group wiped £140m off its defined benefit schemes' combined deficit last year, due to asset returns and changes to discount rate and mortality assumptions.
The group's preliminary results for 2010/11 revealed a deficit of £58m in relation to its DB pensions, compared to a deficit of £198m in 2009/10. The international home improvement retail group - which...
Partner Insight: Members' evolving needs and expectations are driving changes in scheme administration. As the pensions landscape inevitably continues to change, how will your scheme's approach need to develop to keep pace?
The Pensions Regulator (TPR) is "working closely" with government contractor Interserve and the trustees of its defined benefit (DB) pension schemes, it has confirmed.
The industry has welcomed the Department for Work and Pensions' (DWP) consultation on defined benefit (DB) consolidation as a way to address scheme covenant issues.
BMO Global Asset Management has opened a UK fiduciary management business, promising a "truly open architecture" approach to deliver "better client outcomes".