Lloyds Banking Group (LBG) will give all staff transferring to TSB a cash payment of 27.5% of annual salary to "compensate" them for losing access to the group's defined benefit (DB) scheme.
LBG is consulting with members of its six DB schemes about cutting the pensionable pay increases limit from the current 2% to 0% from April 2014, although annual inflation protection increases to pensions...
Only one third of defined benefit (DB) schemes lengthened their recovery plan end dates in 2019, according to research by Hymans Robertson.
Hargreaves Lansdown has been named as the slowest provider to switch pensions through the Origo transfer service.
Regulatory guidance “could set too high a hurdle” for superfunds, Lane Clark and Peacock (LCP) warns.
Around one in 25 pension schemes have made use of regulatory easements to deficit recovery contribution (DRC) payment schedules, according to The Pensions Regulator (TPR).
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the September 2020 estimates on the various measures…