A ban on employers leaving an industry-wide plumbing pension scheme has been extended for six months in a bid to protect the covenant.
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.
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.
Michael Klimes asks if the proposal to close USS to future accrual is realistic
Universities UK (UUK) has proposed ending future accrual of defined benefit (DB) promises and transferring members to the existing defined contribution (DC) plan.
BT may close its defined benefit (DB) scheme to future accrual in a bid to stem its ballooning deficit, according to reports.
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.
Ibstock will close its defined benefit (DB) scheme to future accrual from the end of the month, it has announced.
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.
The Post Office has moved a step closer to shutting its defined benefit (DB) scheme to future accrual in March 2017.