Energy regulator Ofgem branded 'anti-DB'

Jenna Towler
clock

Energy workers have threatened industrial action if their defined benefit pensions are cut following proposals from electricity regulator Ofgem.

Union Prospect - which represents 21,000 people in the energy industry - said it had grave concerns about Ofgem's latest consultation which urges companies to cut pension costs. Deputy general s...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

CMI publishes latest mortality projections model

CMI publishes latest mortality projections model

CMI data finds increased life expectancies for men and women under new model

Martin Richmond
clock 30 June 2025 • 2 min read
L&G facilitates DB surplus transfers to DC schemes

L&G facilitates DB surplus transfers to DC schemes

Client offer responds to DB surpluses and provides capital redeployment option

Jonathan Stapleton
clock 27 June 2025 • 2 min read
DB transfer values fall to third consecutive month-end low, XPS finds

DB transfer values fall to third consecutive month-end low, XPS finds

Transfer Value Index shows a record low in May after previous lows in March and April

Martin Richmond
clock 25 June 2025 • 2 min read
Trustpilot