Intercontinental Hotel Group is to close the defined benefit section of its UK pension scheme in response to the cut in the annual tax-free allowance.
In its third quarter results, the group - which owns the Crowne Plaza and Holiday Inn chains - said it would shut the scheme in July 2013, resulting in an exceptional credit of $28m (£17.5m). A spokeswoman...
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).