MPs are probing a deal agreed for General Motors' (GM) UK defined benefit schemes just days after the car manufacturing giant announced the sale of its European assets including Vauxhall.
It comes amid concerns about what the acquisition by Peugeot-maker PSA group will mean for the future of the schemes, particularly the Vauxhall Motors Limited Pension Plan, which has a deficit of £840m...
Senior clinicians within the NHS Pension Scheme will receive extra assistance to adjust their pension accrual to fit within tax allowances.
The Pensions Regulator (TPR) chief executive Charles Counsell has warned scheme trustees could see an increased demand for cash equivalent transfer values (CETVs) from defined benefit (DB) members.
Costly DB scheme regulations can result in abuses of equitable relations among stakeholders, say Iain Clacher and Con Keating.
Almost three-quarters of FTSE 100 defined benefit (DB) pension schemes were in surplus on an accounting basis as the coronavirus crisis hit, according to Lane Clark & Peacock (LCP).
The Local Government Pension Scheme (LGPS) cut its deficit by £31bn over the course of three years, its latest annual report shows.