Triennial Valuations

Naomi Rainey looks at the latest round of triennial valuations

The majority of contributors said trustees were generally using the flexibility in the system when setting assumptions for valuations.

Sponsoring employers have been urged to apply pressure on trustees to make sure the full flexibility allowed in actuarial valuation assumptions is used, advisers say.

A number of pension funds are avoiding poor valuation results because of the fortunate timing of their three-year cycles, according to Hymans Robertson partner Patrick Bloomfield.

Insurance group RSA has reduced its deficit recovery plan after the firm's triennial valuation revealed a 36% drop in its deficit.

The Comet Pension Scheme deficit remained unchanged at €40m (£34m) last year, despite the scheme receiving additional contributions in a deal which released former sponsor Comet from its obligations.

The London Pensions Fund Authority's (LPFA) funding level is around 95%, according to its 2013 valuation.

Home Retail Group has closed its defined benefit scheme to existing members after its latest triennial valuation revealed a £158m deficit.

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

The Royal Bank of Scotland's defined benefit deficit has risen to £3.9bn over 2012 in a year which saw it fall as low as £1.7bn, its final results show.