Engineering firm Costain has seen the benefits of its incentive exercises wiped out as its deficit remained relatively unchanged, its final results show.
Engineering giant GKN has split its UK defined benefit scheme into two in its latest annual move to curtail scheme deficits and reduce risk, its 2012 final results reveal.
Pensions minister Steve Webb has signalled that the government will revisit the issue of risk-sharing as part of its drive to reinvigorate occupational pensions.
Pensions minister Steve Webb's intervention on incentivised transfers out of defined benefit schemes is "dangerous and disingenuous", industry figures say.
Regulating the pensions regulator; Risks in regulating pensions further; Cash for pensions deals warning; Concern over pension transfer incentives; Pensions ‘will offload £20bn liabilities'; High hopes for brisk business in pension buy-outs; OECD: huge...
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UK - The Department for Work and Pensions' proposal to abolish transfers of contracted out rights from DB schemes could see the end of the enhanced transfer value market, industry experts say.
The Pensions Regulator's strengthened guidance on transfer incentives is permeated by a "presumption of guilt", industry figures say.
Almost every defined benefit plan in the UK has plans to reduce or axe current provisions in the future, a PricewaterhouseCoopers survey reveals.
UK - Almost every defined benefit plan in the UK has plans to reduce or axe current provisions in the future, a PricewaterhouseCoopers survey revealed.