Haynes Publishing Group has shut its defined benefit (DB) pension scheme to new entrants as the company's revenues have fallen in the past year.
In its annual financial results today the Somerset-based publisher of car manuals revealed it closed the UK scheme in June. The scheme reported a deficit of £13.3m on 31 May 2015 under the IAS 19 accounting...
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the February 2021 estimates on the various measures…
DB scheme consolidator Stoneport hopes to get 100 schemes signed up by the end of next year, but employer covenant will be vital, chief executive Richard Jones tells James Phillips.
The outlook for future longevity in the UK has not necessarily worsened as a result of the coronavirus pandemic, Aon says.
Mitchells & Butlers has deferred £13m of deficit recovery contributions (DRCs) after tier four Covid restrictions wreaked havoc across the hospitality sector.
British Airways (BA) has deferred deficit recovery contributions (DRCs) totalling £450m following an agreement with trustees after a catastrophic year for the airline industry.