The school of thought that says there is no sustainability problem with defined benefit (DB) schemes is based on assumptions very far off from what actually happened over the past three decades, according to Cardano's chief executive officer.
BT will launch a consultation with members over the future of its defined benefit (DB) scheme "shortly", potentially including plans to close the plan to future accrual.
Follows rising inflation and GDP
The combined funding position of the UK's defined benefit (DB) schemes improved by £50bn over October, PwC analysis suggests.
The market value of funds for the English and Welsh local government pension schemes (LGPS) reached £259bn at the end of the 2016/17 financial year, official statistics show.
Almost half (47%) of employers say defined benefit (DB) transfer requests exceed 5% of scheme members, an Association of Consulting Actuaries (ACA) study has found.
The Department for Work and Pensions (DWP) has suggested its forthcoming white paper on defined benefit (DB) provision will only show the direction of travel on consolidation, rather give than a definitive answer.
Capita workers will take part in nine days of industrial action after a breakdown in negotiations over the company's future pension provision.
The National Farmers' Union of England and Wales (NFU) Staff Pension Scheme has appointed Russell Investments as fiduciary manager after an open tender.
Some 20% of FTSE 100 defined benefit (DB) pension schemes would be at risk of failure if the UK entered another economic downturn, research suggests.