DB closure
Southampton Uni to close non-academic staff DB scheme to new members
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 workers vote for strike over DB closure plans
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.
Co-op gains £51.9m after switching pension scheme from RPI to CPI
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 pension compromise with CWU possible by end of next week
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.
'Black box thinking' would solve DB problems, says Pensions Institute
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.
BA puts forward 'flexible' DC fund to replace DB
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).
CWU plans to close final salary schemes while balloting members on Royal Mail scheme closure
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.
BA plans to close scheme to accrual after deficit grows to £3.7bn
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.
Ticking bomb for Royal Mail as CWU sets deadline before holding strike ballot
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.
Capita could see strike action over 'disgraceful' DB closure
The planned closure of Capita's defined benefit (DB) scheme could be met with strike action as Unite launches a ballot of its members.
Unite members split on Royal Mail pension proposals
Unite members in the Royal Mail Pension Plan (RMPP) have narrowly rejected the company's proposal to set up a 'cash balance' scheme when the plan closes to accrual next year.
GKN confirms DB closure and £250m cash injection
Engineering group GKN has announced it closed its two UK defined benefit (DB) schemes to future accrual on 1 July, after falls in bond yields increased liabilities in 2016.
Royal Mail workers given ultimatum on pension proposals
Royal Mail has finalised its proposal for its future pension provision ahead of closing its defined benefit (DB) scheme to existing members next year.
Five stories you may have missed this week
This week's top stories included coverage of a regulated apportionment arrangement agreed for Hoover's pension scheme.
BT mulls DB closure after deficit hits £8.6bn
BT may close its defined benefit (DB) scheme to future accrual in a bid to stem its ballooning deficit, according to reports.
Royal Mail confirms DB scheme will shut to future accrual as costs set to soar
Royal Mail will close its career average defined benefit (DB) scheme to future accrual from April next year, it has announced.
ITV's pension deficit almost doubles over 2016
The aggregate deficit of ITV's defined benefit (DB) schemes grew by 86% last year, according to the broadcaster's preliminary results.
Rathbone Brothers to close final salary scheme after Brexit volatility
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.
