Triennial Valuations

Tesco's pensions deficit has risen 40% in the past year to £1.87bn driven by lower than expected bond yields and asset returns.

Historically low yields on government bonds are forcing scheme sponsors to put liability management plans on hold and reassess how liabilities are measured, a consultant says.

QinetiQ has agreed a funding plan with trustees to tackle its £75m pension deficit after a High Court ruling cleared the way for it to switch to Consumer Prices Index-linking.

Communisis has set up an asset-backed contribution arrangement with its pension scheme after a raft of measures to cut its deficit were cancelled out by market movements.

More than a third of defined benefit schemes have recovery plans that exceed the ten-year limit set out in guidance from the regulator, research finds.

BAA Airports pension scheme has moved into surplus after receiving a £26m boost from switching indexation measures.

AMEC has seen its pension surplus halve as a falling discount contributed to actuarial losses of £71m for its UK scheme.

Association of Consulting Actuaries chairman Stuart Southall has defended valuation methods against claims they rely on "fundamentalist theory".

Trustees of the ITB closed pension fund have entered into a £152.7m buy-in agreement with Pension Insurance Corporation covering 1,662 members.

Recent market turmoil could force companies to pay significantly higher contributions or increase the length of deficit repayment periods, Towers Watson warns.