Future accrual
Defined Benefit
A ban on employers leaving an industry-wide plumbing pension scheme has been extended for six months in a bid to protect the covenant.
02 January 2019
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1 min read
Defined Benefit
The trustee board of the Plumbing and Mechanical Services (UK) Industry Pension Scheme has launched a consultation with sponsoring employers on closing the scheme to future accrual.
25 July 2018
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2 min read
Defined Benefit
The BT Pension Scheme (BTPS) will close to future accrual for managers in May 2018, and will them into the telecoms giant's defined contribution (DC) scheme.
06 February 2018
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2 min read
Defined Benefit
Michael Klimes asks if the proposal to close USS to future accrual is realistic
27 November 2017
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4 min read
Defined Benefit
Universities UK (UUK) has proposed ending future accrual of defined benefit (DB) promises and transferring members to the existing defined contribution (DC) plan.
17 November 2017
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3 min read
Defined Benefit
BT may close its defined benefit (DB) scheme to future accrual in a bid to stem its ballooning deficit, according to reports.
30 May 2017
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2 min read
Defined Benefit
Tata Steel has reportedly offered a one-off £520m payment into the British Steel Pension Scheme (BSPS) in an attempt to cut ties with the fund.
20 April 2017
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3 min read
Defined Benefit
Ibstock will close its defined benefit (DB) scheme to future accrual from the end of the month, it has announced.
16 January 2017
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1 min read
Defined Benefit
Marks and Spencer's (M&S) decision to close its defined benefit (DB) scheme to future accrual from April 2017 has resulted in a £127m charge.
08 November 2016
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1 min read
Defined Benefit
The Post Office has moved a step closer to shutting its defined benefit (DB) scheme to future accrual in March 2017.
13 October 2016
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1 min read
