UK - Trustees at the Cadbury Pension Fund have sought to reassure scheme members in the wake of US-food company Kraft's takeover.
In an open letter the trustees and Kraft admitted discussions over the funding of the defined benefit scheme's deficit and the sponsor covenant were ongoing. The letter read: "Kraft and the trustees...
“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.