Defined Benefit

With one of Europe’s most well-known companies planning its most significant pension scheme overhaul to date, unions have stepped in to ensure workers are not short-changed. Hope William-Smith reports.

The Universities Superannuation Scheme (USS) Joint Expert Panel’s (JEP) proposals for future valuations have received broad support as a way protecting the long-term interests of its members.

Over a third of defined benefit (DB) trustees have helped their members source financial advice in the lead up to their retirement, research shows.

Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the November 2019 estimates on the various measures…

Pensions schemes are better funded now than this time last year, according to PwC’s annual Pension Scheme Funding Survey.

Aggregate spending on defined benefit (DB) pensions has dropped from £19bn to £15bn in 12 months, according to Hymans Robertson.

Pension scheme trustees should actively engage financial advisers if members are looking to transfer out of their defined benefit arrangements and washing their hands of the process does not eliminate risk, a study has found.

Unilever has set out plans to overhaul its defined benefit (DB) pension arrangements in a bid to manage costs.

A typical defined benefit (DB) scheme was able to meet 93.7% of its accrued pension rights as of 30 September this year, according to Legal & General Investment Management (LGIM).

Mobius Life has launched a specialist fund range in a bid to make alternative investment strategies available to more defined benefit (DB) schemes.