The Post Office is facing strike action over plans to close its defined benefit (DB) plan to future accrual.
The top stories this week were a decision from the Ombudsman, trustees at BHS and M&S announcing proposals to close its DB scheme to future accrual
Marks and Spencer (M&S) has announced proposals to close its UK defined benefit (DB) scheme to future accrual as it sets out a turnaround plan for the business.
The Employer Covenant Working Group (ECWG) has announced its formal launch as it publishes a guide for advisers, trustees and sponsors of defined benefit (DB) schemes.
The biggest stories were predictions the Chancellor would introduce a flat rate of tax relief, Merchant Navy Officers closing defined benefit to future accrual, and KPMG expanding its defined contribution team by a third.
Merchant Navy Officers Pension Fund (MNOPF) will close its defined benefit (DB) scheme to future accrual and instead introduce a 30% defined contribution (DC) rate for members.
The Communication Workers Union (CWU) has attacked plans from the Post Office to close its defined benefit (DB) scheme to future accrual on 31 August.
United Utilities has revealed plans to close its defined benefit scheme to future accrual, says GMB.
Cancer Research has closed its UK defined benefit pension (DB) scheme to future accruals, the charity announced in its latest financial report.
The number of defined benefit (DB) schemes in the private sector which close to accrual will surge over the next year according to a survey from Aon Hewitt.