Prescott intervention is applauded by trustees
UK - Trustees have welcomed deputy prime minister John Prescott's intervention over pension benefits for members of a scheme in wind-up.
Capital Cranfield – the independent trustee of the £4m Shipham & Company Retirement Benefits Plan – agreed a “Bradstock-type” deal to settle a £1.8m shortfall in the final salary scheme. The compromise...
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Solar subsidy cuts to hit liability matching strategies
UK - Government plans to cut a subsidy boosting the appeal of solar panel infrastructure investments could scupper scheme plans to use these investments as part of their liability matching strategies, fund managers say.
Aegon moves to halt DB scheme future accrual
UK - Aegon is to close its defined benefit pension scheme to future accrual in March 2013 as part of its restructure and cost saving programme.
PPF reveals £678m surplus
UK - The Pension Protection Fund has published its annual report - revealing a surplus of £678m ($1.1bn) at 31 March.
Diamond: Stable investment banking crucial to maximising scheme returns
UK - Schemes looking to maximise returns in a low interest rate environment must work closely with investment banks to boost member outcomes, Barclays chief executive Bob Diamond says.
DB risk management enters 'the next phase'
UK -More than 40% of firms have closed or are in the process of closing their defined benefit pension schemes, latest research from Aon Hewitt shows.
