Technology and engineering firm GKN has agreed a £30m per year asset-backed payment with the schemes trustees to tackle its £499m deficit.
In its interim report, the firm said it had implemented a number of actions to improve the funding position of its UK defined benefit scheme prior to the triennial valuation on April 5. It said it would...
“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.