Government could face legal action over 'short-changing' public sector pensions
Teachers and doctors could have grounds for a legal challenge against the government for age discrimination if they have been moved to a less beneficial pension scheme, Leigh Day says.
The law firm's remarks follow 2015 pension changes which saw younger public sector workers, including teachers and NHS staff, moved to new, less generous schemes, while older workers were able to stay...
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.
