defined benefit

Naomi Rainey examines the potential impact of the government’s defined contribution revolution on defined benefit schemes

Sending out the message that decent pensions will become unaffordable in the UK as society ages is "irresponsible and almost certainly mistaken", says Barclays European chief investment officer Kevin Gardiner.

Naomi Rainey sums up the LGPS position as the new scheme takes effect

The government will ban public sector workers from transferring pension pots to defined contribution (DC) arrangements and is considering similar restrictions on private sector schemes, it has announced.

Towers Watson has appointed Jo Kite to the newly-created role of head of pensions and benefits in its Scottish division.

Mercer has appointed partner Alan Baker as UK head of defined benefit (DB) risk, replacing Ali Tayyebi who will concentrate on client work.

The Department for Work and Pensions (DWP) is to consult on extending defined contribution (DC) charge disclosure proposals to defined benefit (DB) schemes.

The rules that allow retirees to take small pots as a lump sum need to be drastically simplified, say Buzz respondents.

An unprecedented period of ultra-low interest rates has harmed both defined benefit (DB) schemes and defined contribution (DC) savers, say Buzz respondents.

Trinity Mirror's pension liabilities rose by £12.5m last year as a result of a fall in the real discount rate from 1.7% to 1.05%, its annual statement showed.