Triennial Valuations
RBS deficit rises after fluctuating over 2012
The Royal Bank of Scotland's defined benefit deficit has risen to £3.9bn over 2012 in a year which saw it fall as low as £1.7bn, its final results show.
Exclusive: Water and gas companies move valuation dates in line with pricing reviews
Water, electricity and gas companies are moving their actuarial valuation dates in a bid to include pension costs in consumer pricing reviews, PP has learnt.
Pensions valuations: A new approach
Con Keating outlines a different method for scheme valuations
Barclays schemes' deficit soars by £1.1bn as bond yields fall
Barclays Group deficit across all its schemes has increased by 550% over 2012 rising by £1.1bn to stand at £1.3bn, its final results have shown.
Local govt schemes display 'inconsistencies' in valuations - DCLG
Local government pension schemes sometimes show "inconsistencies" in their valuations, Bob Holloway, head of the LGPS2 Division at the Department for Communities and Local Government says.
Economies of scale greatly benefit larger schemes - KGC
The third annual Kim Gubler Consulting Actuarial Fee Survey has shown larger schemes are benefiting significantly from economies of scale.
Galvin: 'real challenges' for one in five schemes with valuations this year
The Pensions Regulator has reiterated its stance that most firms currently agreeing funding valuations will not need to significantly increase deficit recovery contributions.
Latest valuations - deficits deeper and recovery plans longer than 2009
The average length of deficit recovery plans agreed after the latest round of valuation will be three years longer than in 2011, according to research by PwC.
Johnston Press agrees contribution hike to plug £100m deficit
Johnston Press has boosted contributions to its scheme by 60% after seeing its shortfall double last year.
Four in five schemes want more flexibility on liability valuation
The overwhelming majority of the industry believes The Pensions Regulator should provide greater flexibility on how scheme liabilities are calculated according to research from SEI.
Trustees banking on £100bn from sponsors to meet shortfalls
Almost half of trustees expect funding levels in the latest round of triennial valuations to be worse than they were three years ago, according to research.
Tesco deficit jumps to £1.87bn
Tesco's pensions deficit has risen 40% in the past year to £1.87bn driven by lower than expected bond yields and asset returns.
Schemes priced out of liability management by record low gilt yields
Historically low yields on government bonds are forcing scheme sponsors to put liability management plans on hold and reassess how liabilities are measured, a consultant says.
QinetiQ cuts deficit by £109m after High Court ruling
QinetiQ has agreed a funding plan with trustees to tackle its £75m pension deficit after a High Court ruling cleared the way for it to switch to Consumer Prices Index-linking.
Communisis tackles deficit with asset-backed contribution
Communisis has set up an asset-backed contribution arrangement with its pension scheme after a raft of measures to cut its deficit were cancelled out by market movements.
Third of recovery plans breach regulator's guidance
More than a third of defined benefit schemes have recovery plans that exceed the ten-year limit set out in guidance from the regulator, research finds.
BAA turns £250m deficit into surplus
BAA Airports pension scheme has moved into surplus after receiving a £26m boost from switching indexation measures.
AMEC surplus drops 50%
AMEC has seen its pension surplus halve as a falling discount contributed to actuarial losses of £71m for its UK scheme.
ACA fends off criticism of asset valuation model
Association of Consulting Actuaries chairman Stuart Southall has defended valuation methods against claims they rely on "fundamentalist theory".
ITB undertakes £153m buy-in with PIC
Trustees of the ITB closed pension fund have entered into a £152.7m buy-in agreement with Pension Insurance Corporation covering 1,662 members.
Recovery periods jeopardised by market turmoil; companies might have to contribute more
Recent market turmoil could force companies to pay significantly higher contributions or increase the length of deficit repayment periods, Towers Watson warns.
ITV extends funding partnership after £48m contribution fails to cut deficit
ITV has boosted its pension scheme's interest in digital subsidiary SDN by £50m after failing to significantly cut the fund's £313m deficit in the last six months.
Pendragon CAR to drive down contributions and eliminate £40m deficit
Pendragon has agreed a deficit reduction plan with trustees, giving its pension schemes an interest in a £35m Central Asset Reserve and cutting sponsor contributions by £46m over three years.
Brewer slashes scheme deficit and pumps in extra cash
Green King has cut its pension deficit by £33m and agreed to more than double its annual contributions.
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