Trustees 'must be comfortable with DB changes' following IBM case
Trustees should expect greater due diligence from companies proposing defined benefit (DB) scheme changes following the IBM ruling, lawyers have warned.
Earlier this year, the High Court ruled IBM's UK subsidiary had breached its duty of good faith towards its members in closing its DB schemes to future accrual (PP Online, 4 April). Mr Justice Warren...
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Have your say: Should CEOs have to pay into the same staff DB scheme as their workers?
In this week's Pensions Buzz, we want to know whether bosses should have to pay into the same staff DB scheme as their workers rather than their own executive pension fund.