The Financial Services Authority has proposed to shut its defined benefit scheme to future accruals in a bid to cut costs.
The financial regulator's business plan revealed it will consult with current members of the final salary scheme "with a view to ceasing future accrual within that section from April 2010". The formal...
This week's edition of Professional Pensions is out now
Collective defined contribution (CDC) schemes will need clear and transparent governance frameworks, as well as effective communication strategies, to be a success, the Work and Pensions Committee (WPC) has been told.
The aviation sector's constant evaluation of mistakes to improve safety should be applied to defined benefit schemes, as too many are making the same mistakes again and again, latest research shows.
A month of strikes are due to hit 64 universities from tomorrow over major reforms to the Universities Superannuation Scheme (USS).