Oil giant Shell is to close its defined benefit pension scheme to new joiners and replace it with a UK defined contribution plan.
The Anglo-Dutch said the move was a reflection of "market trends in the UK". The company was one of the last FTSE100 companies to operate an open DB scheme. The company said the replacement DC scheme...
This week's top stories include ITS' management buyout from Mercer, and The Pensions Regulator launching a probe into single-employer defined contribution schemes' default funds.
People retiring in the UK will on average outlive their pension savings by 10 years, according to research by the World Economic Forum (WEF).
Steps to improve auto-enrolment are uncontroversial and obvious, but the government is dawdling on introducing the necessary changes, argues Jack Jones.
Professional trustees will be expected to apply for accreditation as part of a framework intended to be launched on 1 July by the Professional Trustee Standards Working Group (PTSWG).