defined benefit

Jack Jones tracks the rise of online valuation tools

A pensioner in the Airways Pension Scheme (APS) has won a default judgment against British Airways (BA) to cover losses after the scheme downgraded inflation protection.

FTSE350 companies' defined benefit (DB) scheme deficits increased by £6bn over October to hit £102bn on an IAS19 basis, despite rising asset values, Mercer says.

Burness Paull has expanded the size of its pensions team with the appointments of Martha Quinn and Mark Lindsay as consultant and director.

Small employers and those who have not previously offered pensions are unlikely to adopt the Department for Work and Pensions' (DWP) defined ambition (DA) ideas, Steve Webb says.

Strong asset returns particularly from its bonds and cash allocation sees Dairy Credit reduce its deficit by £38m, its interim results show.

The Pensions Regulator's (TPR) guidance on double counting in multi-employer defined benefit (DB) schemes is misguided, widely cast and could force employers to cut deficit payments, according to lawyers.

Lloyds Banking Group (LBG) is consulting with scheme members on removing pensionable pay increases for active members of its defined benefit (DB) schemes.

Credit agency Experian has seen its IAS19 defined benefit (DB) surplus shrink after volatility in the discount rate used to calculate liabilities, its half year report shows.

Pensions minister Steve Webb says the upcoming consultation on defined ambition will not set out prescriptive single-model options for enhanced defined benefit (DB) and defined contribution (DC) provision.