DB

The financial position of DB pensions continues to improve, with the PPF index showing scheme surpluses rose by £22.1bn over the past year. The surplus for the 4,838 schemes in this index...

Aberdeen Group will replace Stagecoach as the sponsor of its £1.2bn pension scheme, in the first of its kind deal.  Under the terms of the deal, a £50m surplus will be shared...

XPS Group has launched a new platform designed to help smaller DB schemes achieve a faster buy-out. The end-to-end solution, XPS Catalyst, is aimed at schemes with less than £15m in assets....

TPT Retirement Solutions’s DB Superfund has appointed Mercer as its scheme actuary and LCP to provide independent investment oversight.  The trustee board has also appointed Gowling WLG to provide legal advice and...

The Chancellor’s latest budget paves the way for DB schemes to use surplus funds to make direct payments to pensioners.  The current Pension Schemes Bill 2025 includes provisions to change the law,...

The BBC Pension Scheme has completed a longevity swap with Zurich, in the sixth largest transaction of its kind. Aon advised on the deal which sees Zurich, and reinsurer MetLife, cover £6bn...

Four out of 10 DB schemes would consider releasing surplus funds, under new legislation, providing certain criteria were met. These were the finding of a recent survey by Sackers, following a webinar....

The UK’s fast-maturing defined benefit (DB) market has seen a decline in total fiduciary mandates assets remaining flat for the first time since 2008, according to research from Isio. Buy-ins more than...

Strong sponsor covenant remains the most critical factor for those looking to run on DB schemes, with a view to releasing surplus funds. This was the key finding of a recent poll...

The latest 3.8 per cent inflation figure confirms next April’s 4.8 per cent state pension increase. Industry experts warn the triple lock is costly, with each 1 per cent increase adding around...