IBM will reduce its trustee membership from 12 to nine as voting opens on Monday (20 February) to elect three member-nominated trustees - one fewer than in previous elections.
The computer giant, which runs two defined benefit plans - the IBM Pension Plan and the IBM IT Solutions Pension Scheme - will reduce the number of trustees by three but keep the ratio of MNTs. By law,...
“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.