Tesco

The funding level of Tesco's defined benefit (DB) pension scheme has fallen yet again as it revealed its first-half profits have more than halved.

Haynes Publishing Group has shut its defined benefit (DB) pension scheme to new entrants as the company's revenues have fallen in the past year.

PP looks at how UK attempts to replicate US-style class actions can help schemes

Top stories online this week include a telling decision from the Ombudsman on transfers, negotiations over Tesco's scheme closure and details of a contentious £37bn funding settlement.

Tesco will provide staff with concessions after plans to close its final salary defined benefit (DB) pension scheme triggered a flood of complaints from employees and unions, according to reports.

Rising longevity poses a much greater threat to companies with defined benefit (DB) pension schemes than low interest rates, Fitch Ratings has warned.

Tesco has agreed to pay £270m in cash each year to plug the £3.9bn deficit of its defined benefit (DB) pension scheme.

Tesco's pension scheme has invested in the Pensions Infrastructure Platform (PIP) to create better value for its members.

Beleaguered supermarket Tesco is planning a cost-cutting drive which will see it suspend its dividend, close stores, and appoint a new UK CEO in a bid to reverse its fortunes.

The Financial Reporting Council (FRC) has today confirmed it will investigate the "preparation, approval and audit" of the financial statements of Tesco.