GLOBAL - Defined benefit (DB) pension plans worldwide failed to reap the benefits of strong year-end performance by equities in 2004, according to Towers Perrin.
Releasing the Towers Perrin Global Capital Market Update for the fourth quarter of 2004, the firm said major equity markets returned double-digit percentage gains for the year ending 31 December 2004....
“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.