TPT Retirement Solutions has transferred members from the £30m Hinckley & Rugby Building Society's defined benefit (DB) pension scheme.
The consolidation - announced 3 May - saw 115 deferred members and 90 pensioner members across seven branches transferred to TPT's DB Complete, following the closure of the scheme to accrual in 2010...
Over a third of defined benefit (DB) trustees have helped their members source financial advice in the lead up to their retirement, research shows.
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…
Pensions schemes are better funded now than this time last year, according to PwC’s annual Pension Scheme Funding Survey.
Aggregate spending on defined benefit (DB) pensions has dropped from £19bn to £15bn in 12 months, according to Hymans Robertson.
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.