Defined benefit liabilities and recovery contributions could almost double under EU proposals to change pension rules, industry analysts warn.
Planned changes to the Institutions of Retirement Provision directive to include Solvency II rules for pension schemes could value UK technical provisions on a "risk free" basis - leading to an 80-95%...
Partner Insight: Members' evolving needs and expectations are driving changes in scheme administration. As the pensions landscape inevitably continues to change, how will your scheme's approach need to develop to keep pace?
The Pensions Regulator (TPR) is "working closely" with government contractor Interserve and the trustees of its defined benefit (DB) pension schemes, it has confirmed.
The industry has welcomed the Department for Work and Pensions' (DWP) consultation on defined benefit (DB) consolidation as a way to address scheme covenant issues.
BMO Global Asset Management has opened a UK fiduciary management business, promising a "truly open architecture" approach to deliver "better client outcomes".