Tata Steel's proposal to close the British Steel Pension Scheme (BSPS) and replace it with a defined contribution (DC) plan has been accepted by steelworkers.
In a consultative ballot, more than 70% of members from three unions accepted the plan to close the defined benefit (DB) scheme to future accrual. It also includes a new DC scheme with 10% maximum employer...
As the CMA gathers evidence for its investigation into investment consultants and fiduciary managers, Stephanie Baxter asks if there is a systemic problem in the industry
Universities UK (UUK) has proposed ending future accrual of defined benefit (DB) promises and transferring members to the existing defined contribution (DC) plan.
The bridging pension anomaly faced by the Pension Protection Fund (PPF) will be removed under plans unveiled by the Department for Work and Pensions (DWP).
Zuhair Mohammed has been appointed as a partner at Lane Clark & Peacock (LCP) to expand its investment team.