Tesco has seen its defined benefit deficit increase by more than £500m despite a bump in contributions after its triennial review, its final results show.
The supermarket giant reported a deficit of £2.4bn for its last financial year, rising from the £1.9bn it reported last year (PP Online, 18 April 2012). However, the company said it deferred tax liabilities...
A buyout tool which provides schemes with up-to-date pricing and comparisons between insurers has been launched by JLT Employee Benefits.
The DB white paper sets out plans to review the funding regime, with 'prudent' and 'appropriate' possibly redefined. But James Phillips asks if this could this signal a return to an MFR-like approach?
The trustees of GKN's pension schemes have agreed a package of mitigation measures that would improve funding to a "more prudent level" if Melrose's offer is accepted by shareholders next week.
While the new powers are welcome, most respondents doubt it will make a difference to the outcomes for members, Pensions Buzz respondents say.