Defined Benefit
Defined Benefit
Staff at the Atomic Weapons Establishment (AWE) will strike over the closure of the firm's defined benefit (DB) scheme at the end of this month.
13 January 2017
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2 min read
Defined Benefit
The CovPress pension scheme has come out of the Pension Protection Fund (PPF) after the automotive supplier was acquired by Liberty House in the first rescue of its kind.
12 January 2017
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2 min read
Defined Benefit
The combined deficit of defined benefit (DB) schemes increased by £29.2bn over December to £223.9bn according to the Pension Protection Fund's (PPF) latest update.
10 January 2017
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2 min read
Defined Benefit
Unite has called on energy minister Jesse Norman to meet with trade unions to discuss proposed pension reforms for workers in the nuclear industry.
10 January 2017
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2 min read
Defined Benefit
Companies will need to set aside an extra £10bn every year for the next decade in order to fix the growth in defined benefit (DB) deficits over 2016, according to PwC.
09 January 2017
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3 min read
Defined Benefit
Enquiries on transferring final salary pensions overseas shot up in December as savers feared the effect of the upcoming Brexit negotiations, according to deVere Group.
06 January 2017
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1 min read
Law and Regulation
Section 75 debt regulation is inadvertently causing huge financial distress for employers in the industry-wide plumbers' scheme. After years of inaction the government must urgently find a solution, writes Stephanie Baxter
06 January 2017
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4 min read
Defined Benefit
The Pension Insurance Corporation (PIC) and GKN Group have approved a £190m buyout in one of the first de-risking deals of 2017.
05 January 2017
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2 min read
Defined Benefit
Royal Mail has started a formal consultation process on closing its "unaffordable" defined benefit (DB) scheme to future accrual from April 2018.
05 January 2017
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2 min read
Defined Benefit
The combined deficit of FTSE 350 defined benefit (DB) schemes rose by £98bn over 2016, according to Mercer data.
04 January 2017
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1 min read
