Babcock International saw its pension deficit rise by £40m to £266m over the year to the end of March, driven principally by a fall in discount rate applied to liabilities.
The engineering firm said in its final results, published today, that the scheme would receive £93m in cash contributions this year, with £56m of this to cover the cost of future accrual. It said that...
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).