Wincanton is closing its defined benefit (DB) schemes to existing members, 11 years after shutting its doors to new members.
The logistics company announced last month that it was opening a consultation to close the schemes on 1 April 2014. The schemes closed to new members in 2002, at which point it reported a deficit of...
In this week's Pensions Buzz survey, we want to know whether or not you agree with Lord Myners' opinion that asset owners, such as pension funds, are substantially to blame for short-termism in business.
A typical defined benefit (DB) scheme was able to meet 92.9% of its accrued pension rights as of 30 September, according to Legal & General Investment Management (LGIM).
The combined funding level decreased by just over four percentage points by the end of last month to 93.6%, according to the Pension Protection Fund's (PPF) latest update.