Greene King has seen its defined benefit (DB) deficit fall 5% after it closed its three schemes to future accrual, its year end results show.
The brewer announced it had closed the schemes to future in accrual last December (PP Online, 4 December 12) and invited staff to join its defined contribution (DC) offering. The schemes were closed to...
More needs to be done to speed up DB to DC transfers but, as Jonathan Stapleton says, more also needs to be done to protect members.
The Pensions Ombudsman (TPO) took on 2,566 early resolution cases in 2018/19 after onboarding a team from The Pensions Advisory Service (TPAS), according to its annual report and accounts.
The lifeboat fund is in a good position despite reserves taking a £0.6bn hit. But the ramifications of the EU judgment on member compensation is an area of concern for CEO Oliver Morley, writes Stephanie Baxter