Heineken has closed its defined benefit scheme to future accrual and replaced it with a defined contribution arrangement.
The beer and cider manufacturer said 95% of eligible staff had joined the DC scheme, run by Standard Life. Heineken UK said it began a review of its pension provision in November 2009. It covered the...
PTL has appointed Karein Davie as a client director in its Birmingham office.
The level of interest rate hedging increased to £29.5bn of liabilities in the second quarter as pension funds continued to de-risk, according to BMO Global Asset Management's research.
UK inflation has risen for the first time since November to 2.5% in July, up from 2.4% in June, thanks to rising fuel costs and the price of computer games.
The number of DB pension scheme trustees targeting a buyout with an insurer has increased significantly in the past five years, latest research from Willis Towers Watson shows.