DB

Defined benefit members are being left £2-3bn out of pocket every year as trustees and advisers fail to update the terms offered on tax-free lump sums at retirement.

Helen Morrissey analyses the points of view on one of the hottest topics in pensions.

Stuart Brodie looks at how HMRC's attitude to DB schemes conflicts with reality, and possibly EU law.

O2 is set to close its final salary defined benefit scheme to future accrual due to poor economic conditions and the impending cost of auto-enrolment.

Aga Rangemaster has withheld an interim dividend to shareholders as part of a recovery plan agreed in principal with trustees of its pension scheme.

Heineken's Carol Young talks to Helen Morrissey about the challenges of helping staff understand their DC default strategies.

A new paper by Con Keating, head of research at Brighton Rock Group, called into question the validity of liability driven investing. But industry experts believe LDI, while not perfect, is one of the best solutions pension funds have. Iain Morse reports...

GLOBAL - Have you missed the biggest stories in pensions this week? Find out below, as we list the top 10 most popular stories on www.globalpensions.com over the past seven days.

UK/Europe - The European Commission plans to adopt a "holistic balance sheet" approach to scheme funding rules which will treat sponsor covenants as assets, a consultation reveals.

US - A new study finds New York City's defined benefit (DB) pension plans can deliver the same retirement income as a defined contribution (DC) plan at almost 40% less costs.