Nuclear specialists and managers have voted in favour of reforms which will see their retirement fund based on career average earnings rather than final salary from next April.
The vote was triggered when the Department for Business, Energy and Industrial Strategy (BEIS) announced its intention to bring the formerly publically-run Combined Nuclear Pension Plan (CNPP) and Magnox...
Occupational pension provision has continued to grow in value, but there remains large variance in incomes across the pensioner age group, according to latest government data.
Defined benefit (DB) schemes could have an aggregate surplus by 2021 under Pension Protection Fund (PPF) projections, its strategic plan for 2018 to 2021 reveals.
Investment consultants are failing to recommend products that outperform net of fees, the Competition and Markets Authority (CMA) has said as its investigation into the market continues.
This week's top stories included coverage of the much-anticipated defined benefit (DB) white paper and the sector's reaction.