UK - Unilever is to close its £5.5bn ($9bn) UK final salary scheme to existing members due to the fund's "increasingly unaffordable and unsustainable" costs.
Unilever is to close its £5.5bn UK final salary scheme to existing members due to the fund's "increasingly unaffordable and unsustainable" costs.
The indexation of civil service pensions was switched from Retail Prices Index to the Consumer Prices Index today.
Favourable market conditions mean buyout prices are at their most reasonable since before the collapse of Lehman Brothers in 2008, Pension Insurance Corporation says.
B&CE has overhauled its EasyBuild Workplace Pension offering to offer a 0% annual management charge for the first year of auto-enrolment.
The restructure of the Royal Mail pension plan is essential to address its £8.4bn "huge and volatile" deficit but member protection remains "paramount", the government says.
A loophole which would have allowed people who have transferred their pension abroad to avoid paying UK taxes has been closed by the Treasury.
Members need to know how state reform affects benefits
Jenna Towler dissects Uniq's deficit for equity swap deal
The trustee board of NEST has taken out liability insurance through OPDU and its underwriters ACE European Group.