DB closure

The University of Southampton has confirmed plans to close the Pension and Assurance Scheme for Non-Academic Staff (PASNAS) to new members at the end of December.

Bentley Motors staff have voted for industrial action over the planned closure of the defined benefit (DB) Rolls Royce and Bentley Pension Fund (RRBPF) to future accrual.

The Co-operative Bank is set to continue de-risking pension schemes after it mitigated further losses by switching from the retail prices index (RPI) to the consumer prices index (CPI).

BT and the Communication Workers Union (CWU) are said to be close to a deal over the closure of the telecoms company's defined benefit (DB) scheme.

The aviation sector's constant evaluation of mistakes to improve safety should be applied to defined benefit schemes, as too many are making the same mistakes again and again, latest research shows.

British Airways (BA) has proposed a 'flexible' company-wide scheme as it continues to consult on closing its defined benefit (DB) New Airways Pension Scheme (NAPS).

The Communication Workers Union (CWU) has proposed a major shake-up of its defined benefit (DB) provision, despite threatening industrial action at Royal Mail for planning similar changes, PP can reveal.

British Airways (BA) will launch a consultation with members of its New Airways Pension Scheme (NAPS) on plans to close the scheme to future accrual.

The Communication Workers Union (CWU) has told Royal Mail it must make significant progress in resolving its pensions dispute by 6 September to avoid industrial action.

The planned closure of Capita's defined benefit (DB) scheme could be met with strike action as Unite launches a ballot of its members.