Department store John Lewis has cut more than £330m from its defined benefit deficit this year, half year results reveal.
The firm has taken a series of measures in an attempt to reduce its shortfall, which stood at £904.6m at the end of 2009. In February, John Lewis entered into a Pension Funding Partnership with its...
“Mounting red flags of financial stress” have meant almost two-thirds of listed companies with defined benefit (DB) schemes have issued profit warnings this year, EY says.
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.