The pages of Professional Pensions are rarely without news that another defined benefit pension scheme has closed to new members and more often to future accrual.
Now KPMG analysis of the enhanced transfer market which it says is the first of its kind suggests as many as 750,000 scheme members could transfer out of their DB plans in the next five to 10 years...
“Mounting red flags of financial stress” have meant almost two-thirds of listed companies with defined benefit (DB) schemes have issued profit warnings this year, EY says.
With rumours once again swirling around the future of pensions tax relief in the run up to this year's Budget, any reduced incentive for long-term savers could risk further exacerbating the generational divide in pensions, says Tom Selby
Trustees are set to have an increased duty of care to ensure employees and members make informed choices when accessing their pension, according to Wealth At Work.
The Family Building Society’s 250-member defined benefit (DB) scheme has transferred into TPT Retirement Solutions’ master trust, DB Complete.