Support staff at Manchester University have overwhelmingly voted to take strike action over plans to reduce and close the defined benefit (DB) pension scheme.
From January 1 2019, the university wants to close the DB scheme to new support staff and put them into a defined contribution (DC) scheme. It also wants to close the final salary section of the DB scheme...
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the November 2019 estimates on the various measures…
Pensions schemes are better funded now than this time last year, according to PwC’s annual Pension Scheme Funding Survey.
Aggregate spending on defined benefit (DB) pensions has dropped from £19bn to £15bn in 12 months, according to Hymans Robertson.
Pension scheme trustees should actively engage financial advisers if members are looking to transfer out of their defined benefit arrangements and washing their hands of the process does not eliminate risk, a study has found.
Unilever has set out plans to overhaul its defined benefit (DB) pension arrangements in a bid to manage costs.