The government has confirmed the Supreme Court ruling that changes made to the firefighters' and judges' pension schemes in 2015 were discriminatory will now apply to all public sector schemes.
The 2015 changes - which saw younger workers moved to less generous schemes while the oldest workers were able to continue accruing benefits in the more generous schemes as "transitional protection" -...
Aggregate spending on defined benefit (DB) pensions has dropped from £19bn to £15bn in 12 months, according to Hymans Robertson.
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 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.
Unilever has set out plans to overhaul its defined benefit (DB) pension arrangements in a bid to manage costs.
A typical defined benefit (DB) scheme was able to meet 93.7% of its accrued pension rights as of 30 September this year, according to Legal & General Investment Management (LGIM).