Barratt Developments has posted a £7.1m gain in income as a result of closing its defined benefit scheme to current employees.
The housebuilder's final results for the year to June 30 - which revealed a pre-tax loss of £678.9m and were accompanied by an announcement to raise £720.5m in a rights issue - said the curtailment gain...
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).