Housebuilder Taylor Wimpey will close the £567m George Wimpey Staff Pension Scheme to future accrual on 31 August, this year.
The decision follows mandatory consultation with the scheme's 14,824 members. The firm has seen its net pension deficit - relating to both the George Wimpey and the Taylor Woodrow schemes - increase to...
This week's edition of Professional Pensions is out now.
The government is in talks with the UK and Irish pensions regulators over how to protect members of cross-border schemes in the event of a no-deal Brexit.
The equalisation of guaranteed minimum pensions (GMPs) is at least two years away from being completed, and could take longer than four years for some schemes, a poll has found.
The Pensions Regulator will consider if schemes should be required to have professional trustees and assess the case for greater regulation of administrators and system providers, PP can reveal.