Triennial Valuations

Research shows employers are taking a more active role during the valuation process.

Sponsors and trustees are working together more closely during the valuation process but larger schemes are less satisfied with negotiations, according to research by Punter Southall.

The funding deficit of the British Steel Pension Scheme (BSPS) has dropped from £550m to £90m as a result of cost cutting measures agreed following tough negotiations.

Universities Superannuation Scheme (USS) has seen its funding deficit increase by £2.4bn in its latest triennial valuation as low gilt yields pushed up its liabilities.

The majority of the pensions industry believe it is difficult for schemes to find out what they are actually paying in asset management fees, according to research from PP.

Michael Klimes asks whether the triennial valuation should be scrapped

The Lothian Pension Fund has announced its deficit almost tripled to £417m over the last three years as the scheme continues to bring more asset management in house.

Hilary Salt warns quick-fix compliance is replacing professional judgement

The Trinity Mirror Group has agreed to pay £36.2m into its defined benefit schemes on an annual basis over the next three years to plug its ballooning deficit.

Heathrow has agreed to spend an extra £3m annually over nine years until 2023 to plug the £300m deficit of its defined benefit (DB) pension scheme.