House of Fraser has closed its defined benefit pension schemes to future accrual after the shortfall in the two funds shot up by more than £50m last year.
OECD backs compulsion for pensions policy; Pension funds gain £20bn on RPI plan
A money-back guarantee for defined contribution members would encourage people to save more, according to a paper being finalised by an Actuarial Profession working group.
The industry is failing to inspire confidence in pensions according to research from PP that found seven out of ten professionals believe it is not doing enough to restore trust.
The £1.4bn Akzo Nobel longevity swap completed last week is predicted to be the first in a wave of transactions in 2012 and 2013.
Severn Trent has established a new defined contribution scheme which will replace the current DC and defined benefit plans by 2015.
Guidance banning trustees from dealing with people and organisations on the Treasury's financial sanctions list will create an administrative nightmare, warns an independent trustee.
The leaders of the four biggest parties in the Welsh Assembly have urged Iain Duncan Smith to reinstate the full pensions of former Allied Steel and Wire workers.
The Actuarial Profession's Continuous Mortality Investigation suggests schemes must hold 10% more assets per pound of benefit promised for managers than for lower paid employees, Mercer says.
Alternative route for pensions; UK pensions still ignore equity risk; Most schemes favour lower DC pension fees; Brussels considers tightening pension schemes oversight; Brussels considers tightening pension schemes oversight; CBI presses for public funds...