Unions have urged steel workers to accept Tata Steel UK's proposals to close the British Steel Pension Scheme (BSPS) and replace it with a defined contribution (DC) plan.
A joint statement issued by Unite, GMB and Community on 26 January to members said they should vote for plans to overhaul the pension scheme which were set in a consultation last December. Tata Steel...
UK pension schemes are working hard to counter climate risks across investment portfolios, but the assessment of climate risks to sponsor covenant must be a key focus of schemes’ broader risk assessment, says Michael Bushnell.
Only one third of defined benefit (DB) schemes lengthened their recovery plan end dates in 2019, according to research by Hymans Robertson.
Hargreaves Lansdown has been named as the slowest provider to switch pensions through the Origo transfer service.
Regulatory guidance “could set too high a hurdle” for superfunds, Lane Clark and Peacock (LCP) warns.
Around one in 25 pension schemes have made use of regulatory easements to deficit recovery contribution (DRC) payment schedules, according to The Pensions Regulator (TPR).