Deficits

Premier Foods has closed its defined benefit scheme to existing members, the company has announced.

The Pensions Regulator (TPR) has warned trustees and employers within multi-employer defined benefit (DB) schemes that they cannot count deficit repair contributions as payments towards section 75 (s75) debts as well.

A buyout which kept the MF Global scheme out of the Pension Protection Fund (PPF) was only achieved after the scheme's insolvent employer was threatened with regulatory action, says The Pensions Regulator (TPR).

Jack Jones says the new Kodak scheme could still end up in the PPF

The Universities Superannuation Scheme's (USS) funding ratio was stable over the year to March, despite a significant increase in the value of its liabilities.

Tesco has seen its defined benefit (DB) deficit rise after asset rises failed to halt liability increases with a fall in the discount rate.

Heating and plumbing giant Wolseley has seen its UK defined benefit (DB) deficit fall 90% due to strong asset rises, as the scheme closes to future accrual.

A rise in corporate bond yields has wiped out marketing and publishing conglomerate St Ives' £20m deficit, its final results show.

Jack Jones looks at the significance of movements in measures of scheme funding

John Lewis Partnership has seen an £87m increase in its defined benefit (DB) scheme deficit despite pumping in more than £50m, its interim results show.