UUK joins CDC bandwagon as it sets out possible USS replacements
Universities UK (UUK) has suggested a collective defined contribution (CDC) scheme could be a replacement for the defined benefit (DB) element of the Universities Superannuation Scheme (USS).
In an open letter to USS members, UUK president Professor Dame Janet Beer and chief executive Alistair Jarvis said it was prepared to get back round the negotiating table to discuss a number of options...
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Master trusts slash prices to 'attract new business' after authorisation
Cost savings of up to 20% could be made by pension schemes if they move to a defined contribution (DC) master trust, according to Hymans Robertson analysis.
Former trustee admits £250,000 pension scheme fraud
The former trustee of a charity for the disabled has pleaded guilty to fraud after transferring more than £250,000 from the organisation’s pension scheme.
DB funding - October 2019: PPF 7800 index sees liabilities fall as gilt yields increase
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the October 2019 estimates on the various measures…
High Court approves BA deal with Airways Pension Scheme trustees
Justice Antony Zacaroli has approved the settlement deal between British Airways (BA) and the trustees of the Airways Pension Scheme (APS).