Triennial Valuations

Water, electricity and gas companies are moving their actuarial valuation dates in a bid to include pension costs in consumer pricing reviews, PP has learnt.

Con Keating outlines a different method for scheme valuations

Barclays Group deficit across all its schemes has increased by 550% over 2012 rising by £1.1bn to stand at £1.3bn, its final results have shown.

Local government pension schemes sometimes show "inconsistencies" in their valuations, Bob Holloway, head of the LGPS2 Division at the Department for Communities and Local Government says.

The third annual Kim Gubler Consulting Actuarial Fee Survey has shown larger schemes are benefiting significantly from economies of scale.

The Pensions Regulator has reiterated its stance that most firms currently agreeing funding valuations will not need to significantly increase deficit recovery contributions.

The average length of deficit recovery plans agreed after the latest round of valuation will be three years longer than in 2011, according to research by PwC.

Johnston Press has boosted contributions to its scheme by 60% after seeing its shortfall double last year.

The overwhelming majority of the industry believes The Pensions Regulator should provide greater flexibility on how scheme liabilities are calculated according to research from SEI.

Almost half of trustees expect funding levels in the latest round of triennial valuations to be worse than they were three years ago, according to research.