DB & DeriskingRSS

M&S portal launch sees 12,000 DB members sign up

M and S teaser

Marks and Spencer have launched a new portal service that will allow its pension scheme members to access employee pension records around the clock and enable them to complete a wide range of tasks.

APS trustees given go ahead to use scheme assets to fund appeal

On the go: Trustees of the Airways Pension Scheme have been given permission to use scheme assets to fund an appeal to the Supreme Court over APS discretionary increase litigation.

Diageo offers PIE and writes to members after rise in DB transfers

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The Diageo Pension Scheme is offering a pension increase exchange exercise to defined benefit pensioners, and has outlined plans to write to deferred and active members explaining transfer options, following a spike in members cashing out.

Taylor Wimpey foresees £20m GMP funding hit

Taylor Wimpey teaser 2 (Bloomberg)

One of Britain's largest house-building companies, Taylor Wimpey, has announced that its pension scheme liabilities will increase by up to £20m in the wake of a recent legal ruling on guaranteed minimum pensions.

Half of FTSE 100 liabilities funded to buyout levels by 2029

Analysis: Once a distant dream for employers, full buyout is now becoming a reality for defined benefit sponsors, with up to 15 FTSE 100 companies already in a position to offload their liabilities to insurers.

Highland scheme mulls insurance policy for ill health retirement costs


The Highland Council Pension Fund is considering the option of taking out an insurance policy to protect the scheme against substantial ill health retirement costs.

DB funding slips lower over December

On the go: Surplus in the UK's defined benefit pension schemes evaporated over December, according to a funding measure used by the Pension Protection Fund.

Select committee launches inquiry into contingent charging

On the go: The Work and Pensions Committee has launched an inquiry into contingent charges for defined benefit transfer advice.

FTSE 350 pension deficit increased by 28% in 2018

On the go: The deficit of defined benefit pension funds for the UK’s 350 largest listed businesses rose to £41bn at the end of 2018, from £32bn at the end of 2017 – an increase of 28 per cent, according to Mercer.

Whitbread derisks pension scheme with £380m one-off payment

On the go: The leisure group Whitbread has agreed with the trustee of its defined benefit pension scheme, the Whitbread Group Pension Fund, to make a one-off contribution to the pension fund of up to £380m.