ROLLS-ROYCE has made a £500m lump sum payment across its three main UK defined benefit schemes as part of a strategy to reduce its overall deficit.
The engineering firm said the move follows an agreement with the members on closure of the schemes to new employees and with the trustees on a change of investment strategy to reduce the volatility of...
A buyout tool which provides schemes with up-to-date pricing and comparisons between insurers has been launched by JLT Employee Benefits.
The DB white paper sets out plans to review the funding regime, with 'prudent' and 'appropriate' possibly redefined. But James Phillips asks if this could this signal a return to an MFR-like approach?
The trustees of GKN's pension schemes have agreed a package of mitigation measures that would improve funding to a "more prudent level" if Melrose's offer is accepted by shareholders next week.
While the new powers are welcome, most respondents doubt it will make a difference to the outcomes for members, Pensions Buzz respondents say.