The number of defined benefit (DB) scheme members transferring to defined contribution (DC) has more than doubled in a year, Xafinity figures have shown.
The consultancy reported transfers from DB schemes it works with in the first quarter of 2017 were 166% higher than in the same period last year. A total of 117 transfers were made from these schemes...
Schemes could be charged a £1.5bn bill to equalise past defined benefit (DB) scheme transfers after last year’s landmark GMP equalisation ruling, says Buck.
The financial impact on defined benefit (DB) schemes from the Covid-19 pandemic is “likely to be marginal”, and only in the event of continued substantial additional deaths for many years would there be a significant reduction in UK DB scheme liabilities,...
Luke Hartley looks at recent cases involving House of Fraser, Silentnight and Johnston Press
Defined benefit (DB) pension transfer values recovered by about a third last month after February’s sharp fall, according to figures from XPS Pensions Group.
Cosan Consulting has launched independent pension scheme data recovery service, called Arm.