Tata Steel's proposal to close the British Steel Pension Scheme (BSPS) and replace it with a defined contribution (DC) plan has been accepted by steelworkers.
In a consultative ballot, more than 70% of members from three unions accepted the plan to close the defined benefit (DB) scheme to future accrual. It also includes a new DC scheme with 10% maximum employer...
Helen Morrissey looks at pension schemes' experience of investing in the property market during 2016 and asks what they can expect during 2017
The Department for Work and Pensions (DWP) has proposed ways to improve the defined benefit (DB) system in its long-awaited consultation paper.
There could be a case to suspend indexation for schemes which are underfunded and where sponsors are in stress, the government has said.
Willis Towers Watson (WTW) has launched a global marketplace in a bid to make the investment management industry more efficient and substantially cut scheme costs.