defined benefit

Corporate pension sales at Prudential have dipped to £148m for the first nine months of this year, its third-quarter results have shown.

Public sector pensions need further reform before 2020 to avoid an annual £32bn liability for UK taxpayers, Centre for Policy Studies research fellow Michael Johnson says.

The average time taken to get through the Pension Protection Fund assessment should fall below 12 months after the introduction of a new data audit tool, says the lifeboat fund.

The Welsh Assembly Members' scheme will not be reformed as a defined contribution arrangement due to fears this would dissuade "high quality" candidates standing for election.

Argos employees who are members of Unite have threatened more strike action unless the retailer resolves a dispute over the closure of its defined benefit scheme.

A "somewhat surprising" intervention by the European Commission has made it unlikely pension funds will be successful in the Wheels VAT case, experts argue.

The National Association of Pension Funds has launched separate multi-employer forums for defined benefit and defined contribution schemes.

Rising equity markets coupled with a small increase in gilt yields helped scheme deficits improve by £2.7bn over August, according to the PPF 7800 index.

Pension fund growth fell below 2% in 2011 for the world's largest 300 pension funds, down from 11% a year earlier, research by Towers Watson says.

Secretary of State Theresa May today announced the final government position on police pensions, with it likely to move to a career average revalued earnings scheme.