This week's top stories include Tesco cutting its defined benefit deficit by £2.8bn after it changed the way it reflected long-dated corporate bond yields in its discount rate.
Bentley Motors staff have voted for industrial action over the planned closure of the defined benefit (DB) Rolls Royce and Bentley Pension Fund (RRBPF) to future accrual.
DB is to become more costly under reforms to NI contributions. PP looks at the options for sponsors.
The biggest stories this week were backlash over Bentley's plans to pass NI costs onto DB members, Rothesay Life buying two-thirds of Aegon's bulk annuity book, and speculation over the future of the British Steel scheme.
Bentley Motors has been criticised over plans to pass £1.4m of national insurance (NI) costs onto the 1,300 members of its defined benefit (DB) pension scheme.