defined benefit

The Royal Mail has seen its scheme surplus soar to more than £1.8bn after trustees agreed to break the link between salaries and pensionable pay.

Schemes undergoing triennial valuations in 2013 will see the projected time to fully repay deficits increase to 11 years, research from PwC shows.

Recent developments at Lloyds Banking Group (LBG) demonstrate the "two futures" of DB provision that could be solved with defined ambition (DA) proposals, pensions minister Steve Webb says.

Tough action on Local Government Pension Scheme (LGPS) costs could save taxpayers £1bn and avoid a "death spiral" for the scheme, the Centre for Policy Studies (CPS) says.

Capita Employee Benefits has expanded its investment consultancy team with the appointment of former LCP lead consultant Sam Roberts.

The National Association of Pension Funds (NAPF) has called on Scotland to avoid altering pensions tax relief if it becomes independent.

Taha Lokhandwala looks at the on-going dispute between pensioners in the Airways Pension Scheme and its sponsor British Airways

Rachel Dalton on how auto-enrolment is hitting charities

Basel III is encouraging financial services companies to consider defined benefit (DB) scheme buyouts and buy-ins to move liabilities off their balance sheets, experts say.

Jonathan Stapleton says the BA case highlights the friction between firms and pensioners