Costain is considering closing its defined benefit pension scheme to future accrual due to increasingly disproportionate risks and costs.
The construction company said the deficit in its DB scheme had ballooned by £39.6m in the six months to June 30. It now stands at £75.7m. It said the rise reflects the increase in future inflation expectations...
Many single-employer trust-based DC schemes will move to a master trust in coming years. Stephen Richards looks at the pitfalls they need to avoid
Robin Ellison says it is not unreasonable for schemes and their trustees and sponsors also to expect an improvement in the tone of regulation
The Pensions Regulator (TPR) has ordered a firm to pay back more than £700,000 of pension contributions after it miscalculated the amounts due for more than a year.
Insurers are set to face a "flood of requests" from pension schemes for buy-in contracts to be restructured to allow for guaranteed minimum pension (GMP) equalisation, Aon warns.