The trustees of the beleaguered industry-wide Plumbing and Mechanical Services (UK) Industry Pension Scheme have confirmed it will close to accrual in June.
After extensive consultation with employers and members, launched last July, the 35,000-member scheme will cease accruing benefits, over 40 years after it was set up. Without closure, total contributions...
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the January 2020 estimates on the various measures…
The Pensions Administration Standards Association (PASA) has launched a consultation seeking views on its combined code for defined benefit (DB) transfers.
The Schroders Retirement Benefits Scheme (SRBS) is allocating £800m of its defined benefit (DB) assets to its in-house cashflow driven investing (CDI) building blocks.
The University and College Union (UCU) has announced a further 14 days of strike action at 74 UK universities in a continuing dispute about pensions and pay.
Defined benefit (DB) pension schemes will be able to predict the outcome of member options exercises using artificial intelligence (AI), says Mercer.