UK - Vodafone and airline BMI have become the latest big name firms to announce plans to close their defined benefit schemes to future accrual.
Mobile communications giant Vodafone informed staff of its intention to consult on plans to shut its £755m (US$1.25bn) scheme to about 4,000 employees. It said responses were due in April, next year...
With rumours once again swirling around the future of pensions tax relief in the run up to this year's Budget, any reduced incentive for long-term savers could risk further exacerbating the generational divide in pensions, says Tom Selby
Trustees are set to have an increased duty of care to ensure employees and members make informed choices when accessing their pension, according to Wealth At Work.
The Family Building Society’s 250-member defined benefit (DB) scheme has transferred into TPT Retirement Solutions’ master trust, DB Complete.
A second employer has been appointed to stabilise the National Institute of Agricultural Botany (NIAB) pension scheme after intervention from The Pensions Regulator (TPR) when trustees failed to agree a valuation in 2015.