Unison members 'narrowly' accept USS offer
Just over half (52%) of Unison members voted to accept a pledge to keep defined benefit provision in the Universities Superannuation Scheme (USS) until at least April 2019 in an "above-average" turn-out.
The consultation of 1,300 members took place from 5 April to 13 April - where members were asked directly if they were willing to accept Universities UK's (UUK) proposals to end the USS dispute, according...
More on Defined Benefit
DB trustees make moves to engage members with financial advice
Over a third of defined benefit (DB) trustees have helped their members source financial advice in the lead up to their retirement, research shows.
DB funding - November 2019: 'Temporary respite' for DB schemes as deficit falls £33bn
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the November 2019 estimates on the various measures…
Pension funding levels on the up
Pensions schemes are better funded now than this time last year, according to PwC’s annual Pension Scheme Funding Survey.
FTSE 350 DB spending drops £4bn in largest year-on-year fall in a decade
Aggregate spending on defined benefit (DB) pensions has dropped from £19bn to £15bn in 12 months, according to Hymans Robertson.
DB trustees urged to engage with advisers to avoid 'reputational damage'
Pension scheme trustees should actively engage financial advisers if members are looking to transfer out of their defined benefit arrangements and washing their hands of the process does not eliminate risk, a study has found.
