The Pensions Regulator (TPR) has said there is no legal basis for the Halcrow Pensioners' Association (HPA) to challenge the proposed restructuring of the scheme in the Upper Tribunal.
Partnership's director of defined benefit (DB) solutions Costas Yiasoumi has left the firm after two years and has been replaced by Tim Coulson.
Lawyers acting on behalf of Halcrow Pensioners' Association (HPA) are disputing a proposed regulated apportionment arrangement (RAA) for the engineering company's defined benefit (DB) scheme.
The ICI Pension Fund has revealed it saved £10m by completing its latest buy-in with Legal & General (L&G) shortly after the EU referendum.
Companies could increase their defined benefit (DB) contributions rates to meet a £770bn funding gap over the next 60 years.
A regulated apportionment arrangement (RAA) has been granted as part of the Halcrow rescue plan.
The Post Office is facing strike action over plans to close its defined benefit (DB) plan to future accrual.
The Railways Pension Scheme has been awarded the Pension Quality Mark (PQM) Ready standard for its Industry Wide Defined Contribution (IWDC) section for the fourth year running.
The Bank of England's decision to hold interest rates at 0.5% has temporarily eased the pressure on pension schemes but poses dilemma for trustees, JLT Employee Benefits says
An eleven-strong industry group has been formed to help develop a fiduciary management performance standard.
Twice as many FTSE 350 companies with defined benefit (DB) schemes are supported by a weak sponsor covenant than in 2006 according to PwC.
A trend whereby insurers are providing fewer buyout quotations for smaller schemes has accelerated since the end of 2015, according to JLT.
The cost of longevity risk for defined benefit (DB) schemes has increased by 50% in the past 12 years due to falling long-term interest rates.
Mortality studies are increasingly seen as a method for trustees and companies to better understand scheme membership life expectancy. Kristian Brunt-Seymour explores how this can help companies make better financial decisions.
Concerns have been raised about making members more aware of risks to their defined benefit (DB) pensions, for fear of leading to panic and knee-jerk reactions.
The Department for Work and Pensions (DWP) has launched a consultation into the future of the National Employment Savings Trust (NEST).
The de-risking phenomenon is drying up long-term investment in younger generations as companies are forced to put more into defined benefit (DB) schemes, according to Ashok Gupta.
An anti-scam campaign will run for the next four weeks to help improve awareness of fraudsters' common traits, following concerns they are increasingly targeting pension fund members.
The Pensions Regulator (TPR) has selected Capita for a further three years to continue the roll-out of automatic enrolment (AE) to small and micro employers.
KPMG has introduced a longevity projection model used by insurers to help improve its understanding of the future risks of defined benefit (DB) pension schemes.
The industry and regulator should act to implement an early warning system for beleaguered DB schemes according to Silverfinch.
Samsung has introduced a workplace ISA to address the changing savings priorities of its 1400 staff.
While the market volatility and falling gilt yields in the aftermath of the EU referendum is bad news for DB schemes, they could actually benefit from more attractive buy-in and buyout pricing. Kristian Brunt-Seymour explores which schemes could benefit...
Just Retirement has undertaken a pensioner buy-in for the Galliford Try defined benefit (DB) scheme.
Total deficits of UK defined benefit (DB) schemes reached an all-time high of £341bn by the end of June amid uncertainty over Brexit, according to JLT Employee Benefits.
Record lows in gilt yields have pushed up the liabilities of UK defined benefit (DB) schemes to an all-time high of £2.3trn following Britain's decision to leave the EU.
The Pension Protection Fund (PPF) is considering tweaking its practices and procedures for levies, including improving its Experian model.
Debbie Abrahams has been promoted to shadow work and pensions secretary following a series of resignations and promotions.
The Continuous Mortality Investigation (CMI) has launched a consultation on proposed changes to the mortality projections used by pension schemes.
The belief that maturing DB schemes should automatically move into bonds and gilts is being increasingly challenged. Kristian Brunt-Seymour explores alternatives to the traditional de-risking model.
The combined deficit of UK defined benefit (DB) pension schemes has hit £900bn following Britain's historic decision to leave the EU.
BT will soon roll out a trial advice offering for its active defined benefit (DB) members to help them make more informed choices.
Introducing greater flexibilities for defined benefit (DB) members should be a serious legislative consideration for the government according to Broadstone technical director David Brooks.
Parts of the bulk annuity market are showing less appetite for buyouts of smaller schemes despite improvement in pricing for full scheme buyouts.
The amount of hedged defined benefit (DB) liabilities grew to £741bn by the end of 2015 according to KPMG.
While moving to CPI indexation can significantly reduce scheme liabilities, it can make buy-ins and buyouts more expensive. Kristian Brunt-Seymour finds pricing has slightly improved but still has a long way to go
Redington has elevated Dan Mikulskis as head of defined benefit (DB) pensions in a newly created role.
Pension Insurance Corporation (PIC) has invested £100m in infrastructure debt secured on the Thames Tideway Tunnel.
Ali Toutounchi has been appointed a trustee of Legal & General's (L&G) master trust as well as a member of its independent governance committee (IGC).
Leeds University Business School (LUBS) has partnered with Aon Hewitt to investigate how behavioural economics affect the decisions of defined benefit (DB) scheme trustees.
More than two thirds of pension professionals have said the Pension Protection Fund (PPF) and the Pensions Regulator (TPR) should be combined, according to a survey.
CH2M has warned criticism from the Halcrow Pensioners Association (HPA) over its rescue plan for the Halcrow scheme goes against the best interests of members.
The ICI Pension Fund has completed a £630m buy-in covering over 4,000 of its members with Scottish Widows.
Prudential Insurance Company of America (PICA) has completed its third longevity reinsurance deal with the Pension Insurance Corporation (PIC) for the Aon Retirement Plan.
Seven in ten people who have accessed their pension since the April freedoms have not looked around for different products, according to Citizens Advice.
The debate over whether schemes should be able to change statutory pension increases from RPI to CPI continues with calls for a statutory override to be put in place. Kristian Brunt-Seymour considers its feasibility
Proposed plans to curb Halcrow Pension Scheme (HPS) benefits have been called into question by the Halcrow Pensioners Association (HPA).
Most respondents believe a move away from selling products is essential