Ultra Electronics Holdings plans to close its £238m defined benefit (DB) pension scheme to future accrual from 5 April 2016.
Total funding levels of defined benefit (DB) pension schemes have improved since January despite volatile markets and low interest rates, according to JLT Employee Benefits.
As funds finalise their initial plans for pooling assets, two experts discuss the structural options.
The average pot size of members contacting The Pensions Advisory Service (TPAS) for guidance since freedom and choice came into force is between £45,000 and £48,000.
Merchant Navy Officers Pension Fund (MNOPF) will close its defined benefit (DB) scheme to future accrual and instead introduce a 30% defined contribution (DC) rate for members.
As the EU referendum looms closer it is entirely possible the UK could end up leaving Europe. Kristian Brunt-Seymour finds a Brexit could be both good and bad for pensions.
Research shows employers are taking a more active role during the valuation process.
Scottish Widows' life and pension sales have risen by 10% since 2014 on the back of £2.8bn from its first two bulk annuity deals.
Three local government pension funds have submitted their initial pooling proposal to the government to demonstrate how they will work together.
Sponsors and trustees are working together more closely during the valuation process but larger schemes are less satisfied with negotiations, according to research by Punter Southall.