defined benefit

BAE Systems has agreed a £3.2bn longevity swap to cover 31,000 pensioners, in the UK's largest pensions insurance transaction.

The Marriage (Same Sex Couples) Bill will not require schemes to provide same-sex spouses with the same survivor benefits as heterosexual married couples.

Premier has launched a fixed-fee service for charities, as not-for-profit organisations struggle to fund ballooning pension deficits.

Public sector pensions will cost taxpayers an additional £9bn a year due to a ‘toxic' combination of the Public Service Pensions Bill and state pension reform, a Centre for Policy Studies paper shows.

The closure of defined benefit schemes hit its fastest rate ever during 2012, with the proportion of open schemes falling from 19% in 2011 to 13% by the end of last year, National Association of Pension Funds figures show.

Capita is recommending that all employers with dependents pensions should abandon them if possible.

The government will publish a call for evidence on two major changes to the way the way defined benefit deficits recovery plans are regulated tomorrow (Friday 25 January).

The Pensions Infrastructure Platform will not open to smaller pension schemes until mid-2013, after delays pushed back the fund's launch date.

The number of trust-based DC schemes has fallen by 40% over the last 14 years but the remainder have larger memberships, The Pensions Regulator's data reveals.

Children's charity Barnardo's has announced it will close its defined benefit scheme ahead of auto-enrolment.