Nestlé has agreed a deal with trade unions to secure its £3.8bn career average defined benefit (DB) scheme after the company had tried to close it down.
As deficits soared following the Bank of England's rate cut and stimulus package, the future for DB looks even more challenging. A major re-think is needed to avert a pensions crisis, writes Stephanie Baxter
Rumours about the government banning members from transferring their defined benefit (DB) pensions will only fuel the fire, the Association of Consulting Actuaries (ACA) has warned.
Fresh thinking is needed to make defined benefit (DB) schemes sustainable in wake of MPs' damning conclusions on British Home Stores (BHS), according to experts.
Some of the government's proposals to change benefits at the British Steel Pension Scheme (BSPS) involve "significant risks for relatively limited gains" according to the Pensions Protection Fund (PPF).
While moving to CPI indexation can significantly reduce scheme liabilities, it can make buy-ins and buyouts more expensive. Kristian Brunt-Seymour finds pricing has slightly improved but still has a long way to go
Pension Insurance Corporation (PIC) has invested £100m in infrastructure debt secured on the Thames Tideway Tunnel.
The majority of respondents in this week's PP survey believe it would be inappropriate for pensions ministers to side-step the regulator to rescue a crisis-hit scheme.
This week we want to know if TPR is being unfairly criticised during the BHS hearings and what aspect has the most influence on issues faced by DB schemes.
The debate over whether schemes should be able to change statutory pension increases from RPI to CPI continues with calls for a statutory override to be put in place. Kristian Brunt-Seymour considers its feasibility