Unilever is to close its £5.5bn UK final salary scheme to existing members due to the fund's "increasingly unaffordable and unsustainable" costs.
The company said it would enter into a period of consultation with workers this summer. Under the proposed new arrangements, existing final salary scheme members would be offered a two-part scheme consisting...
The Pensions and Lifetime Savings Association (PLSA) is in the process of convening an industry-wide group to take forward the work of the Institutional Disclosure Working Group (IDWG).
The Transfers and Re-registration Industry Group (TRIG) has given its support to an initiative which aims to complete occupational pension transfers within three weeks.
Scottish Widows has completed a bulk annuity deal for the Hitachi UK Limited Pension Scheme.