This week's top stories include Tesco cutting its defined benefit deficit by £2.8bn after it changed the way it reflected long-dated corporate bond yields in its discount rate.
Also, research found members in 14 of the 17 largest master trusts were missing out on tax relief because their scheme's administration arrangement, while Bentley workers edged towards strike action over the planned closure of their DB plan.
Supermarket giant Tesco has halved its overall defined benefit deficit after adapting its discount rate calculations to better reflect trends in long-dated corporate bond yields.
Low income earners in the majority of master trusts are missing out on tax relief on their retirement savings due to a legislative technicality, according to research.
Bentley Motors staff have voted for industrial action over the planned closure of the defined benefit Rolls Royce and Bentley Pension Fund to future accrual.
More members are transferring out of defined benefit pension schemes when informed of the option, which suggests trustees must think carefully about member communication, according to research.
Barnett Waddingham has named Sonia Kataora as head of defined contribution investment following the promotion of Alex Pocock last month.
PMI president Lesley Alexander and the institute's immediate past-president Lesley Carline talk about the challenges of Covid-19 and the opportunities and challenges the industry faces in the future.
The Pensions Administration Standards Association (PASA) has announced global consultant Deloitte as its expert knowledge provider for data.
This week’s top stories included further support for an overhaul of the pension tax regime, while the Treasury confirmed the Retail Prices Index will be reformed by 2030.
XPS Pensions posted a 9% increase in revenues during the six months to 30 September – a rise driven by a number of large client wins.
Here they are - the winners of the 3rd annual Women in Pensions Awards...