Defined Benefit

Around three-fifths of respondents in this week's Pensions Buzz backed the view that trustees should take a proactive approach to engage with members when they are seeking to transfer out of their defined benefit (DB) scheme.

Lack of transparency means employees are in the dark over whether they are getting value for money from their pension, according to a report by the international labour union network.

As the volume of transfer value requests grows, trustees must decide whether to take a minimalist or proactive approach with members. James Phillips explores the pros and cons.

The Local Government Pension Scheme (LGPS) for England and Wales is in a financially robust position and funds have vastly improved since 2013, according to the Government Actuary's Department (GAD).

Respondents disagree whether mixing of products would be beneficial for savers

It is important to look back at how the discount rate methodology came about in the first place, says Brighton Rock Group's head of research

Hilary Salt says we should look again at whether DB schemes should provide a partner pension given the vast social changes over recent decades

Steve Webb says there are many questions that need to be answered following the landmark ECJ ruling

There will be "many flavours" of defined benefit (DB) consolidators but consolidation will only be the right answer for a minority of schemes, Alan Rubenstein says.

Work and Pensions Committee (WPC) chairman Frank Field has questioned the regulator on what lessons it can learn from the experience of the Kodak Pension Plan No.2 (KPP2).