Deficits
Defined Benefit
The Royal Bank of Scotland has confirmed a £3.5bn shortfall in its pension scheme after recording actuarial losses of £581m this year.
23 February 2012
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Defined Benefit
More than a third of defined benefit schemes have recovery plans that exceed the ten-year limit set out in guidance from the regulator, research finds.
23 February 2012
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Defined Benefit
Pendragon, owner of car dealership franchise Evans Halshaw, has slashed its scheme liabilty nearly 90% after entering into an asset backed deal with its trustees.
21 February 2012
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Defined Benefit
Spectris has slashed the deficit of its UK defined benefit scheme by almost two-thirds through a mixture of deficit contributions and an enhanced transfer value exercise.
17 February 2012
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Defined Benefit
The Pensions Regulator has ruled out releasing its forthcoming scheme valuation guidance before April despite union calls for action.
16 February 2012
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Risk Management
Hogg Robinson is carrying out an enhanced transfer value exercise in an attempt to reduce the volatility of its pension obligations.
15 February 2012
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Defined Benefit
Manufacturer Morgan Crucible's UK scheme deficit spiked by almost 80% last year, hitting its highest level in three years, company accounts show.
15 February 2012
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Defined Benefit
Prospect has written to the government to demand action on scheme valuations after the Bank of England announced a third wave of quantitative easing.
15 February 2012
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Industry
UK manufacturing firm Brammer's defined benefit scheme liabilities have increased by £3m in six months despite a £1.6m scheme contribution from the employer, earnings show.
14 February 2012
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Industry
Combined UK defined benefit deficits improved by £5bn to total £265bn at the end of January, latest figures from the Pension Protection Fund show.
14 February 2012
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