Henry Boot shaved £10m to £12m off its pension liabilities last year through an enhanced transfer value exercise and switching to RPI indexation, results show.
The property and construction firm also revealed it undertook a pension increase exchange exercise and capped future salary increases for active members at 1% per annum, with any balance going into the...
“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.