UK - The BBC is set to close its final salary scheme to new members after its deficit surged to £2bn (US$3bn).
This followed the publication of the 2009 interim valuation by the BBC Pension Trustees which showed that the scheme's deficit had increased from £470m (2008) to about £2bn. BBC chief finance officer...
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.