Defined Benefit

Jon Hatchett looks at the FCA's proposals for advice on pension transfers, highlighting some issues with its recommendations and pointing out some glaring omissions

Former nuclear workers are urging the government to honour pension promises they claim were made when the industry was privatised two decades ago.

The funding levels of smaller schemes fell at a rate nearly five times faster than their larger peers, latest analysis by Goldman Sachs Asset Management reveals.

Royal Mail has finalised its proposal for its future pension provision ahead of closing its defined benefit (DB) scheme to existing members next year.

Two out of five advisers have seen an increased number of clients going ahead with defined benefit (DB) transfers despite recommendations against, according to Prudential research.

The Financial Conduct Authority (FCA) has fined an individual compliance oversight officer £75,000 for "failing to exercise due skill, care and diligence" with regard to pension transfers in his role at two firms.

Transfers out of defined benefit schemes have increased substantially over the past year. Charlotte Moore looks at the challenges this is posing for schemes

The Department for Work and Pensions (DWP) will publish a white paper on the future of defined benefit (DB) schemes this winter, which will cover consolidation and extra powers for the regulator.

The aggregate deficit of 5794 schemes in the Pension Protection Fund's (PPF) 7800 Index is estimated to have decreased to £186.2bn by the end of June.

Michael Klimes explores how mentoring programmes can help create more diverse trustee boards