Defined Benefit
Defined Benefit
The UK's defined benefit (DB) pension schemes were 129% funded on a 'best estimate' basis on 31 December 2017, according to First Actuarial.
18 January 2018
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2 min read
Law and Regulation
Carillion's 13 UK defined benefit (DB) schemes were added to the Pension Protection Fund's (PPF) watch list by autumn last year, the Financial Times reports.
18 January 2018
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1 min read
Industry
The trustees of GKN Group's schemes have warned Melrose Industries about the pension funding position, following a bid to take over the business.
16 January 2018
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2 min read
Defined Benefit
Unions have criticised the University of Southampton for planning to close its lower-tiered earners' defined benefit (DB) pension scheme while paying its vice-chancellor over £400,000 a year.
15 January 2018
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2 min read
Defined Benefit
The Communication Workers Union (CWU) and Royal Mail Group are very close to securing an agreement on a collective defined contribution (CDC) plan for all members.
15 January 2018
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2 min read
Defined Benefit
Carillion has filed for compulsory liquidation after emergency talks with its lenders and the government failed to reach a deal that would save the company.
15 January 2018
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3 min read
Defined Benefit
The Tax Incentivised Savings Association (TISA) will not be pursuing plans to provide a defined benefit (DB) transfer guidance service, it has confirmed to PP.
12 January 2018
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1 min read
Defined Benefit
Concerns over the potential imminent collapse of construction group Carillion has led to crisis talks over its 13 UK defined benefit (DB) schemes, according to reports.
12 January 2018
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2 min read
Defined Contribution
Retired households are increasingly relying on private pension provision for income, but there is a huge gap between the rich and the poor, Office for National Statistics (ONS) show.
11 January 2018
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3 min read
