Deficits

Consumer packaging firm Rexam has seen its UK defined benefit (DB) pension scheme move from deficit to surplus in the first half of the year, its interim results show.

Lloyds Banking Group (LBG) has seen its defined benefit (DB) schemes move to surplus after substantial asset gains in the first half on 2013, its interim results show.

Diageo saw the deficit in its UK and Ireland defined benefit schemes fall from £1.1bn to £552m over the year to the end of June.

Taylor Wimpey has been given approval to merge its two principle defined benefit (DB) schemes and has set up a £100m partnership to plug their deficits.

Revisions to the accounting standard used for employee benefits have reduced BP's profits by more than $1.27bn (£830m) over the last 18 months, its interim results reveal.

Members of defined contribution (DC) schemes are being hit by a "double whammy" as equity returns and employer contributions stagnate, research finds.

A £200m Financial Services Authority (FSA) legacy scheme deficit has left insurers questioning how much of the individual levies is contributed towards it.

Insurance group RSA has reduced its deficit recovery plan after the firm's triennial valuation revealed a 36% drop in its deficit.

Defined benefit (DB) scheme deficits are down £51.2bn despite falling assets, research from the Pension Protection Fund (PPF) shows.

FTSE350 companies' defined benefit (DB) deficits fell as bond yields rose on hints of an end to quantitative easing (QE), research from Mercer shows.