discount rates

Lloyds Banking Group (LBG) has seen its defined benefit (DB) schemes move to surplus after substantial asset gains in the first half on 2013, its interim results show.

Almost all FTSE100 firms increased the discount rate for IAS19 liabilities due to the yield on AA corporate bonds, research from Barnett Waddingham finds.

Minute gains in the FTSE has seen private sector defined benefit deficits increase for the second month in a row, adding £20bn, research from the Pension Protection Fund (PPF) shows.

The BT Pension Scheme has seen its defined benefit deficit more than double to £5.7bn as discount rate falls pushed up liabilities, its final year results show.

Whitbread has increased the value of its asset-backed funding arrangement with its pension scheme to continue tackling its deficit, its latest results show.

Debenhams has cut its defined benefit deficit by more than a half in the last six months as it shifts its investment focus, its half year results show.

Tesco has seen its defined benefit deficit increase by more than £500m despite a bump in contributions after its triennial review, its final results show.

Kingfisher has increased its defined benefit surplus after closing its scheme to future accrual during the 2012/13 financial year, its preliminary results show.

The Pensions Regulator has denied it is forcing trustees to use a gilt-based mechanism to measure liabilities, in the face of calls to be more flexible on valuations.

As speculation over the budget intensifies, PP brings you the latest hints, tips and rumours.