John Lewis
John Lewis to close 44,000-member DB scheme in bid to save £80m a year
The John Lewis Partnership has announced plans to close the defined benefit (DB) section of its combined pension scheme.
John Lewis Partnership slashes pension deficit by 43% in three years
John Lewis Partnership has announced the deficit of its UK defined benefit (DB) scheme has plummeted by £361m since its 2013 valuation.
What were the top pension stories last week?
The most popular stories were a potential RAA for British Steel Pension Scheme if the government shelves plans to change pension law, and Treasury plans to launch the pensions dashboard by next Spring.
John Lewis's pension deficit rises 54.4%
John Lewis Partnership's defined benefit (DB) deficit has increased to £1.5bn as the company reveals a 15% profit fall for the second half of the year.
Pension costs push down profits at John Lewis
The increasing cost of servicing its £1.2bn pension shortfall helped push pre-tax profits at John Lewis down over a quarter in the first half of the year.
Longevity increase could increase deficits 50%
Rising longevity poses a much greater threat to companies with defined benefit (DB) pension schemes than low interest rates, Fitch Ratings has warned.
Waitrose staff embrace volunteering projects
Fifteen thousand employees across the UK will be taking part in volunteering activities today as part of Give and Gain day.
Aon Hewitt appoints head of fiduciary management for large clients
Mike Rogers has been made partner and head of large clients in the delegated consulting services team of Aon Hewitt.
John Lewis appoints L&G to run scheme
John Lewis partnership has appointed Legal and General (L&G) as administrator of the defined contribution (DC) section of its pension scheme.
Aon Hewitt appoints partner
Adrian Mitchell has been appointed partner and senior portfolio manager at Aon Hewitt's delegated consulting services team.
Five stories you might have missed: Master trusts, drawdown, charge cap
Top stories on PP this week included concerns about master trusts, debate over drawdown, and the defined contribution charge cap. Here's what you might have missed.
John Lewis to switch final salary pension to hybrid scheme
John Lewis partnership has decided to switch its final salary pension scheme into a hybrid defined benefit (DB) and defined contribution (DC) scheme.
NAPF Investment Conference: DC guarantees 'too expensive'
Meaningful guarantees for defined contribution (DC) members are prohibitively costly, driving down demand, according to Hymans Robertson investment consultant Mark Jaffray.
John Lewis DB scheme deficit hits £1bn
The John Lewis Partnership defined benefit (DB) scheme's total accounting deficit hit £1bn in January 2014, its latest results show.
Guarding the guardians
Rachel Dalton asks what schemes can do to ensure they know exactly what they are being charged by transition managers
John Lewis proposes to cut accrual and introduce hybrid scheme
John Lewis is proposing to cut its defined benefit (DB) pension scheme and introduce a hybrid scheme with an extended defined contribution (DC) structure.
John Lewis pensions head Visavadia departs
John Lewis Partnership's head of pensions Dinesh Visavadia has departed the company following its decision to separate support for the partnership and the trustees in managing its pension scheme.
John Lewis holiday pay foul-up adds £7m to pension liabilities
John Lewis has seen its pension liabilities increase by £7m after uncovering mistakes in the way it had calculated holiday pay.
John Lewis reports 3.2% initial opt-out rate
The John Lewis Partnership has reported an initial auto-enrolment opt-out rate of 3.2% as of 31 March 2013.
John Lewis conducts pension review as deficit balloons 29%
John Lewis is conducting an extensive two-year review into its pension provision after revealing its final salary scheme deficit rose by almost 29% in 2012.
Industry figures honoured in New Year's list
Several figures within the pensions industry have been rewarded in the Queen's New Year's Honours list.
John Lewis Trust appoints Newell as director
The John Lewis Partnership Pensions Trust has appointed Jane Newell as director from 1 November.
CSC revamps flex scheme
CSC has updated its flexible benefits scheme to boost workplace savings.
John Lewis scheme deficit rises to £479m
The John Lewis Partnership Pension Trust has seen its accounting deficit rise by 16% to £479m in the first half of the year.
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