The BBC has seen its scheme shortfall rise by more than a billion pounds after a 10% increase in liabilities cancelled out £170m in deficit recovery contributions.
The broadcaster's annual update on the scheme, published today, showed the deficit on an on-going basis had grown from £1.4bn to £1.6bn over the last 12 months. The funding level on this basis fell...
“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.