Friends Provident is closing its final salary pension scheme to new members and setting up a money purchase plan from July next year.
And the insurer said contribution rates for existing members would rise from 3pc to 7pc a year by 2010 if they wanted to retain a retirement age of 60. Existing members who do want to pay increased...
Here it is... The video of all the highlights from last night's UK Pensions Awards.
Here they are...all the pictures from the UK Pensions Awards 2019.
This week's top stories included The Pensions Regulator criticising Sir Philip Green's latest plans for the Arcadia pension schemes.
The trustees of the beleaguered industry-wide Plumbing and Mechanical Services (UK) Industry Pension Scheme have confirmed it will close to accrual in June.