UNILEVER UK is to close its £5bn final salary scheme to new employers and set up a hybrid fund in its place.
A career average scheme has been proposed for new staff with an employee contribution of 5pc and covering pensionable earnings up to a threshold of £35,000. Above that limit, a defined contribution arrangement...
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers