Defined Benefit

The George and Harding Group Pension Scheme (G&H) has transferred into the Financial Assistance Scheme (FAS) after a lengthy battle to qualify for entry.

Supermarket giant Asda has chosen PwC to provide pension accounting services using Skyval for its defined benefit (DB) scheme.

Two major trade unions have denounced Nestle's plans to close its career average defined benefit (DB) scheme as a "betrayal" of staff.

Aon Hewitt has launched a charged custody account targeted at defined benefit (DB) schemes to act as a "buffer" in preventing trapped surpluses.

The Pension Protection Fund (PPF) has raised concern that low interest rates could persist into the future despite expectations of a reversal to historic norms.

Financial advisers (IFAs) will be wary of helping members transfer from defined benefit (DB) to defined contribution (DC) arrangements due to fears they will be accused of mis-selling, warn consultants.

Pension administrators in the UK are more than capable of delivering partial transfers from defined benefit (DB) to defined contribution (DC) says Capita Employee Benefits.

While some schemes are facilitating DB-DC transfers others are more hesitant. Michael Klimes looks at why this is happening

The number of defined benefit (DB) schemes in the private sector which close to accrual will surge over the next year according to a survey from Aon Hewitt.

Sun Chemical Pension Scheme has given fiduciary manager Mercer the axe and handed the £360m mandate to Goldman Sachs Asset Management (GSAM).