Deficits

Photography and broadcast equipment supplier Vitec has closed its defined benefit scheme to existing members.

House builder Persimmon has switched the accrual basis of its £269.7m defined benefit scheme from final salary to career average.

Investment staff at the Universities Superannuation Scheme shared bonus payments of almost £3m last year, a union claims.

Trustees of the BBC Pension Scheme are seeking legal clarification on their responsibilities after bosses failed to consult with them before proposing sweeping contractual changes.

Employees at AstraZeneca will strike over cuts to pension benefits, unless the company comes back with "meaningful" terms, GMB says.

The BBC's offer of reviewing executives' pension top-ups has been dismissed as "too little too late" by the National Union of Journalists.

UK - The aggregate funding position of the 6,653 schemes in the Pension Protection Fund's 7800 index improved to a surplus of £6.6bn at the end of July.

The £1.92bn Social Housing Pension Scheme has slashed its funding deficit by £44m since September 2008, valuation figures reveal.

Ten FTSE100 companies have total disclosed pension liabilities greater than their equity market value, Pension Capital Strategies research shows.

UK - Ten FTSE100 companies have total disclosed pension liabilities greater than their equity market value, Pension Capital Strategies research shows.