Defined Benefit

The John Lewis Partnership has announced plans to close the defined benefit (DB) section of its combined pension scheme.

The Work and Pensions Select Committee (WPC) has called on the FCA to explore the case for setting an upper limit for the amount of a DB transfer fee that can be received via contingent charging.

The government's proposed framework could hamper good corporate deals, which could affect the sustainability of DB sponsoring employers, writes Stephanie Baxter

There will be "ups and downs" for employers in the Local Government Pension Scheme (LGPS) as it carries out its 2019 valuation against the backdrop of the cost cap suspension and the McCloud judgment.

XPS Pensions has combined its transfer value index and its transfer activity index to create a transfer watch service to understand the trends and behaviours of members accessing the pension freedoms.

Climate activists from Extinction Rebellion have interrupted the Pensions and Lifetime Savings Association's (PLSA) local authority conference as a minister rejected calls for intervention.

Trustees fear their members are not equipped to deal with the risks they face when accessing their pension and worry those nearing retirement will face predatory attention from scammers, research by Wealth at Work reveals.

Aon has revealed defined benefit (DB) schemes are offering more support to members in their decision making at retirement, with one in five schemes now including personalised transfer value figures in retirement packs and making online tools available....

The trustees of the Universities Superannuation Scheme (USS) have set out three potential funding arrangements as the £64bn defined benefit (DB) section of the plan seeks to agree a 2018 valuation.

The Association of Consulting Actuaries (ACA) has received support for its proposed 'model scheme' to simplify defined benefit (DB) benefits alongside the conversion of guaranteed minimum pensions (GMPs).