IRELAND - Some 70% of defined benefit plans could be closed to new members in the near future, double the amount two years ago, a report by the Irish Association of Pension Funds (IAPF) found.
"Many pension funds are on their knees and some are struggling for survival. The reality for pension provision is that companies and schemes are closing, many in deficit with severe consequences for the...
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.