JARDINE LLOYD THOMPSON is set to close its defined benefit pension scheme to future accruals in a bid to tackle its £146m pension deficit.
The insurance broker said it was entering a period of consultation with staff but would propose closure of the DB scheme from November 30 and the replacement of the scheme with a defined contribution arrangement....
The Next Generation Pensions Committee is on a mission to promote and encourage younger voices in the industry. Kim Kaveh looks at its key objectives
This week's top stories included an analysis finding the cost of equalising guaranteed minimum pensions in schemes could hit FTSE 100 profits by up to £15bn.
Employers whose dividend to deficit recovery contribution (DRCs) ratios fall outside the "normal range" should expect to see higher regulatory scrutiny, although no fixed ratio will be set.
Investment consultants and fiduciary managers should expect a final decision on the investigation into the market to be published by the end of the year, the competition watchdog says.