Tesco will provide staff with concessions after plans to close its final salary defined benefit (DB) pension scheme triggered a flood of complaints from employees and unions, according to reports.
The supermarket confirmed earlier this year that it would replace the scheme with defined contribution (DC) arrangements and had been consulting staff on closing the DB fund to new entrants and future...
Aviva Investors’ fully ESG-integrated ‘My Future Focus’ investment strategy has been adopted by the Aviva Master Trust as its standard default.
Scheme funding in the defined benefit (DB) universe has worsened, but the Pension Protection Fund (PPF) remains confident it can tackle the challenges ahead, it says as it launches its 2020 Purple Book.
Debenhams’ pension schemes are continuing in Pension Protection Fund (PPF) assessment after administrators failed to rescue the company from collapse.
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the November 2020 estimates on the various measures…
The collapse of Sir Philip Green’s retail giant Arcadia must be met with clear solutions and support for its pension scheme, which looks likely to enter Pension Protection Fund (PPF) assessment, Stephen Timms has said.