US - Hewlett Packard and SureWest Communications have become the latest companies to freeze their defined benefit schemes.
SureWest said on Friday the plan would be closed to future employees and future benefit accruals discontinued for current employees as of April 1, 2007.
Earlier in the week, HP announced it would freeze the US pension plans for employees in the HP pension plan and said it would make changes to future retiree medical eligibility.
The move is expected to save the company US$500m, part of which will be used to offer affected US employees the option to participate in a voluntary Enhanced Early Retirement (EER) programme.
Fixed-income ETFs are helping pension schemes tailor their fixed income exposure. Bryon Lake, Head of International ETFs at J.P. Morgan Asset Management, explains how.
The Pensions Regulator (TPR) has set out plans to use "new regulatory initiatives" with over 1,000 schemes as it aims to tighten its regulatory grip and boost member outcomes.
HM Revenue and Customs (HMRC) has announced it is delaying the provision of data that will enable pension schemes to confirm the guaranteed minimum pension (GMP) benefits to pay to members until the end of the year.
This week's top stories include an article on climate activists from Extinction Rebellion crashing the PLSA's local authority conference, and an in-depth piece on the Court of Appeal's ruling on the BIC UK Pension Scheme case.