Employers are potentially leaving themselves on the hook for significant unprotected retirement costs when closing defined benefit (DB) schemes.
According to research by Group Risk Development (Grid), more than a third (35%) of employers who had closed defined benefit (DB) pensions schemes were still unsure about how to replace early ill-health...
A buyout tool which provides schemes with up-to-date pricing and comparisons between insurers has been launched by JLT Employee Benefits.
The DB white paper sets out plans to review the funding regime, with 'prudent' and 'appropriate' possibly redefined. But James Phillips asks if this could this signal a return to an MFR-like approach?
The trustees of GKN's pension schemes have agreed a package of mitigation measures that would improve funding to a "more prudent level" if Melrose's offer is accepted by shareholders next week.
While the new powers are welcome, most respondents doubt it will make a difference to the outcomes for members, Pensions Buzz respondents say.