defined benefit

The Airways Pension Scheme (APS) trustees' decision to grant a discretionary increase would have very little effect on the security of members' benefits, an expert actuary has argued in the High Court.

Defined benefit (DB) schemes should be allowed to restructure benefits to sort out funding deficits, according to top UK pension funds in a poll by Sackers.

Airways Pension Scheme (APS) trustees used the threat of discretionary increases to try to get British Airways (BA) to maintain a funding schedule and recovery plan based on the Retail Price Index (RPI), the High Court has heard.

Tata Steel UK's intention to close the British Steel Pension Scheme (BSPS) to future accrual has been "raised" in discussions with unions, according to a lawyer close to the matter.

Sainsbury's has seen the shortfall of its defined benefit (DB) scheme increase to £1.1bn by 24 September following a "significant" fall in discount rates.

The government has rejected the accusation it gave advice to former workers at the UK Atomic Energy Agency when it was privatised two decades ago.

The Department for Work and Pensions (DWP) will consider giving The Pensions Regulator (TPR) additional powers should they be needed, pensions minister Richard Harrington says.

The Pensions Regulator (TPR) and the Pension Protection Fund (PPF) have both called for the watchdog to have stronger and more punitive regulatory powers.

Cost and a lack of information are behind many retirees' decisions to shun advice when making retirement income choices.

Shajahan Alam says giving DB schemes flexibility to reduce inflation linkage sounds a lot simpler than it would be in practice.