Derisk

Trustees of closed DB schemes should investigate de-risking quickly as sponsor willingness to support the plan will diminish over time, MetLife Assurance says.

Government should look to use public-private partnerships to address taxpayer exposure to defined benefit longevity risk, Swiss Re says.

The John Menzies Pension Scheme received an exceptional credit of £4.6m following the completion of a pension increase exchange exercise.

Member benefits will be compromised if the Consumer Prices Index is used instead of Retail Prices Index to measure price inflation, MetLife Assurance says.

The possible move from Retail Prices Indexation to Consumer Prices Indexation to index private sector pension increases will force schemes to amend de-risking contracts, industry figures say.

Premier Foods aims to close its defined benefit pension schemes to new members by April, next year in a bid to tackle a £431m combined deficit.

Housebuilder Taylor Wimpey will close the £567m George Wimpey Staff Pension Scheme to future accrual on 31 August, this year.

Unlike former PP editor-in-chief Alex Beveridge, who admitted in his column last week that reading time has become a somewhat rare commodity since the birth of his baby son, I still have some time for light-hearted reading.

Chemicals company Croda International is changing the accrual rate of its pension scheme for new members, despite a slight improvement in its scheme deficit.

More pension schemes are adopting a dynamic de-risking approach and are seeking investment opportunities in social housing to meet liabilities, Redington says.