Wealth manager Rathbone Brothers will close its defined benefit (DB) scheme to future accrual and axe the final salary link after its deficit ballooned following the EU referendum.
The changes will come into force from 1 July after the company consulted members on its plans, which were driven by concerns over the funding gap increasing by £53.8m in just nine months. The firm announced...
BT may allow the trustees of its pension schemes to take over some of its assets in the case it fails to meets its pension obligations, the firm has suggested.
In the latest of PP's Pensions Influencers interview series, Jonathan Stapleton speaks to Ian McKnight, chief investment officer of the Royal Mail Pension Plan
This week's top stories include coverage of a green paper response which said The Pensions Regulator needs to be investigated and the Pension Protection Fund privatised.
The 3i Group Pension Plan has completed a £200m buy-in with Pension Insurance Corporation (PIC), its first insurance policy so far.