Defined Benefit

The Pensions Institute argues RAA processes should be streamlined and trustees should be able to reduce benefits in a bid to help those struggling with deficits, James Phillips reports.

Unison has passed a motion that says it will seek to divest the Local Government Pension Scheme (LGPS) from fossil fuels over the next five years.

The industry has broadly welcomed the Financial Conduct Authority's (FCA) plans to modernise processes around pension transfers in response to concerns over surging demand.

Shareholders have granted National Milk Records (NMR) permission to pull out of the multi-employer Milk Pension Fund (MPF) at a cost of £14.8m.

Trustees can expect The Pensions Regulator (TPR) to intervene in their favour if sponsors are not fulfilling their obligations to a scheme, Andrew Warwick-Thompson says.

The UK's 350 largest listed companies are becoming increasingly unlikely to be able to meet their pension obligations, PwC research has suggested.

The most important characteristics in advisers differ by scheme size, but the approach to investment is not overly dissimilar, James Phillips writes

Trustees of the two British Home Stores (BHS) schemes have sent 18,000 letters to members explaining the options available to them following the deal reached earlier this year.

Trustees of the £10bn Co-operative pension fund are demanding £50m to split the scheme and enable a deal to rescue the struggling bank, according to reports.

Over 80% of advisers expect an increasing number of transfer requests from defined benefit (DB) scheme members over the next year, according to a survey.