UTV - the Ulster-based subsidiary of ITV - is planning to close its pension scheme to future accrual in a move it says is necessary to be fair to all employees.
The proposal is to close the organisations defined benefit scheme to future accrual for all members, having closed to new entrants a number of years ago. The statutory 60 day consultation period on...
Pension schemes have been “shoehorned” into valuing liabilities against gilts, creating a “herd mentality” that does not reflect scheme funding accurately, says PwC.
As over 1,000 DB schemes seek to agree a valuation amid the crisis, Hope William-Smith looks at the considerations.
Trustees should have the ability to pause suspected scam transfers, respondents agreed in a Professional Pensions poll.
Defined benefit (DB) scheme members with weaker employers face a 50% chance of a cut in benefits due to sponsor insolvency, according to Hymans Robertson.
Mercer has launched a defined benefit (DB) master trust in a bid to offer a “best-in-class solution” that recognises the shrinking universe.