The 600 Group has closed its UK defined benefit scheme to future accrual and said it does not expect to make significant contributions to it in foreseeable future.
The scheme was closed to existing members at the end of March, resulting in a curtailment gain of £2.4m for the engineering group. In the firm's preliminary results to 30 March, published today, it...
This week's edition of Professional Pensions is out now.
Nearly 60% of UK employers consider defined contribution (DC) master trusts to be the "most suitable" pension fund for their employees, according to research by Buck.
Companies which have tried to dodge their pension duties by changing their identities are being "hunted" by The Pensions Regulator (TPR) in a crackdown on non-compliance with auto-enrolment (AE).
Removing liquidity restrictions would enable DC funds to capitalise on the potentially higher and safer returns that DB schemes have benefitted from, says Patrick Marshall.