Defined Benefit

More than 100,000 savers face being landed with huge tax bills following tiny uplifts to their pension, a Freedom of Information (FOI) reply has revealed.

Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.

Smaller schemes may be eligible for a levy reduction but are failing to fill out a simple application form, the Pension Protection Fund (PPF) has said.

Forcing company bosses to join the same defined benefit (DB) schemes as their staff could protect pensions better than the threat of prison sentences for scheme mismanagement, Warwick Business School (WBS) has suggested.

The Harrods Group Pension Plan has selected XPS Pensions Group to provide investment advice, following a competitive tender process.

The combined funding level of the UK's 5,450 defined benefit (DB) schemes increased by 60 basis points (bps) over January, latest Pension Protection Fund (PPF) data reveals.

The story of BHS is one of both outrage and happy endings. James Phillips speaks to trustee chairman Chris Martin and his advisers about the scheme's endgame journey

TPT Retirement Solutions has reported a six-fold increase in online engagement following a revamp of its platform last year.

The RPC Containers Limited Pension Scheme has been offered £5.2m a year in additional cash contributions until 2024 as its sponsor's acquisition is confirmed.

As the DWP's consultation on consolidation comes to a close, Stephanie Baxter takes a look at the industry's responses