Ladbrokes has begun a consultation into closing its defined benefit (DB) pension scheme to future accrual.
Its final salary scheme - the Ladbrokes Pension Plan - closed to new members in 2007, with the employer anticipating contributions of £9.2m this year to help plug its deficit. A company spokesman said:...
The PLSA's Richard Butcher says we should all work harder to reconnect with the saver, be open with them and tell them the truth
Trustees lack expertise, time and resources to develop effective communications on technical pensions issues and need professional help, a major review of the British Steel saga has concluded.
In this week's Pensions Buzz, we want to know if you think trustees should consult directly with members before agreeing to a DB superfund buyout.
Thousands of savers taking tax-free lump sums ahead of retirement are at risk of a pensions shortfall in later life due to neglecting their remaining pot, Zurich has warned.