Defined Benefit

The government has introduced an income tax exemption for financial advice provided as part of employer-led transfer exercises from defined benefit (DB) to defined contribution (DC) pension schemes.

In the third part of our series looking at what firms did to win at this year's UK Pensions Awards, PP speaks to Spence about how the firm won the Consulting Innovation of the Year accolade.

In the second part of our series looking at what firms did to win accolades at this year's UK Pensions Awards, PP speaks to LCP partner Clive Wellsteed about how the firm won the Risk Reduction Adviser of the Year category.

The Pensions Regulator has published an employer guide on complying with its code of practice for funding defined benefit (DB) schemes, emphasising the importance of a collaborative approach.

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.