With one in eight DB schemes still open to new members, Michael Klimes explores the argument that they should be run differently from closed ones
Defined benefit (DB) schemes have been in decline for a long time, with the past few years seeing an increasing number closing to future accrual or new members. Sponsoring employers have been shutting...
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Baillie Gifford and Montanaro are the first asset managers to sign up to a new transparency code to help the Local Government Pension Scheme (LGPS) get a better handle on investment costs.
Lloyds Bank has launched a joint legal bid with its pension trustees and unions to equalise guaranteed minimum pensions (GMPs) in a move which could cost the industry £20bn.
A quarter of retirees do not believe they have a large enough nest egg to fund their retirement, research has revealed.