final salary
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.
AA plans to launch CARE section as pension deficit grows 37%
AA has launched a consultation with its final salary scheme members to revalue benefits in a career average section.
Nuclear workers urged to support pension proposals
Unions have urged workers in the nuclear sector to accept planned pension reforms after "breakthrough" discussions with the energy minister, Jesse Norman.
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.
Plans to reform nuclear sector pensions get union backlash
Plans to reform pensions across the Nuclear Decommissioning Authority (NDA) to bring them in line with public sector changes are being opposed by trade unions.
