Triennial Valuations

ITV has boosted its pension scheme's interest in digital subsidiary SDN by £50m after failing to significantly cut the fund's £313m deficit in the last six months.

Pendragon has agreed a deficit reduction plan with trustees, giving its pension schemes an interest in a £35m Central Asset Reserve and cutting sponsor contributions by £46m over three years.

Green King has cut its pension deficit by £33m and agreed to more than double its annual contributions.

Punch Taverns has made additional contributions of £9m into its Spirit and Pubmaster defined benefit schemes over the past six months.

Greater Manchester Pension Fund will increase employer contributions by 1.4 percentage points after its funding level dropped from 100% to 96.4% following its triennial valuation.

Changes to longevity assumptions for the latest round of triennial valuations have sent defined benefit scheme liabilities soaring by £50bn, longevity experts say.

Global technology firm Smiths has agreed a 10-year funding plan for its two principal UK defined benefit pension schemes.

Department store John Lewis has cut more than £330m from its defined benefit deficit this year, half year results reveal.