Freshfield Bruckhaus Deringer is closing its final salary scheme to future accrual.
The law firm said despite its best efforts to keep the scheme viable the decision had been taken due to the scale and volatility of the funding deficit; the escalating costs of running the scheme; and...
The top stories this week were the High Court's decision to block the £12bn annuity transfer from Prudential to Rothesay Life, and a separate court ruling that 'raises the bar' for pension rectification exercises.
Guaranteed minimum pension (GMP) equalisation has soared to the top of pension schemes' to-do lists, with 58% stating it is a priority project, research from Equiniti has revealed.
Professional Pensions is holding its defined contribution (DC) conference on 4 September.