Renold has merged its three defined benefit (DB) schemes and conducted a liability transfer exercise in a move to reduce its funding costs.
The industrial chain manufacturer also agreed an asset backed funding arrangement (ABF) with scheme trustees, underpinning the scheme merger. The firm operated three DB schemes: the Renold Supplementary...
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).