PPF

The High Court has ruled that Wedgwood made an effective and valid decision when closing the Wedgwood Group Pension Plan (WGPP) to future accrual and ending the final salary link.

Carillion's 13 UK defined benefit (DB) pension schemes had a combined £2.6bn buyout deficit upon its collapse on 15 January, according to an analysis for Sky News.

Respondents say dividend clearance regime for firms with pension deficits is a bad idea.

The UK's defined benefit (DB) pension schemes were 129% funded on a 'best estimate' basis on 31 December 2017, according to First Actuarial.

Carillion's 13 UK defined benefit (DB) schemes were added to the Pension Protection Fund's (PPF) watch list by autumn last year, the Financial Times reports.

Jonathan Stapleton says in light of the construction giant's collapse, the government must urgently tackle the issue of scheme funding.

Carillion has filed for compulsory liquidation after emergency talks with its lenders and the government failed to reach a deal that would save the company.

This week's top stories included coverage of Theresa May's reshuffle, in which the Department for Work and Pensions was given its fifth secretary of state within two years.

Concerns over the potential imminent collapse of construction group Carillion has led to crisis talks over its 13 UK defined benefit (DB) schemes, according to reports.

The combined defined benefit (DB) deficit increased by £16.2bn over December to £103.8bn on a section 179 basis, according to the Pension Protection Fund's (PPF's) latest update.