Pension scheme trustees should actively engage financial advisers if members are looking to transfer out of their defined benefit arrangements and washing their hands of the process does not eliminate risk, a study has found.
This week's top stories include Tesco cutting its defined benefit deficit by £2.8bn after it changed the way it reflected long-dated corporate bond yields in its discount rate.
Supermarket giant Tesco has halved its overall defined benefit (DB) deficit after adapting its discount rate calculations to better reflect trends in long-dated corporate bond yields.
Phasing has arrived with auto-enrolment contributions rising from 2% to 5% for millions of pension savers. As we wait to see what happens as a result, James Phillips asks what's next.
Last year Tesco replaced its DB scheme with a low cost DC arrangement targeting investment strategies that push the boundaries of typical DC funds. Stephanie Baxter explores why the award-winning scheme breaks the mould.
The deficit of Tesco's defined benefit (DB) scheme has more than doubled to £5.9bn in just seven months, overshadowing the supermarket's sales growth.
The cost of defined benefit (DB) schemes sponsored by FTSE 100 companies could double from £7bn to £14bn per annum by 2019, according to JLT Employee Benefits.
The biggest stories this week were backlash over Bentley's plans to pass NI costs onto DB members, Rothesay Life buying two-thirds of Aegon's bulk annuity book, and speculation over the future of the British Steel scheme.
The deficit of Tesco's defined benefit (DB) scheme has fallen by £1.6bn after reaching £4.2bn last year as the supermarket moves into the black.
Understanding members' retirement objectives is key to ensuring default strategies remain fit for purpose according to Tesco group pensions director Ruston Smith.
Tesco has appointed Legal & General as its defined contribution (DC) bundled pension provider.
Tesco's largest shareholder, the Norwegian government pension fund, has offloaded a large proportion of its holding in the supermarket.
UK defined benefit schemes ended 2015 with an aggregate deficit of £228bn after another difficult year, according to research from JLT Employee Benefits.
Big data is changing the way many industries operate, Michael Klimes asks if it can do the same for pensions
Top stories on the site this week include plans to merge the LGPS into six 'wealth funds', a legal challenge to make schemes equalise death benefits for same-sex couples, and a growing deficit at Tesco.
The funding level of Tesco's defined benefit (DB) pension scheme has fallen yet again as it revealed its first-half profits have more than halved.
Haynes Publishing Group has shut its defined benefit (DB) pension scheme to new entrants as the company's revenues have fallen in the past year.
PP looks at how UK attempts to replicate US-style class actions can help schemes
Top stories online this week include a telling decision from the Ombudsman on transfers, negotiations over Tesco's scheme closure and details of a contentious £37bn funding settlement.
Tesco will provide staff with concessions after plans to close its final salary defined benefit (DB) pension scheme triggered a flood of complaints from employees and unions, according to reports.
Rising longevity poses a much greater threat to companies with defined benefit (DB) pension schemes than low interest rates, Fitch Ratings has warned.
Tesco has agreed to pay £270m in cash each year to plug the £3.9bn deficit of its defined benefit (DB) pension scheme.
Tesco's pension scheme has invested in the Pensions Infrastructure Platform (PIP) to create better value for its members.
Beleaguered supermarket Tesco is planning a cost-cutting drive which will see it suspend its dividend, close stores, and appoint a new UK CEO in a bid to reverse its fortunes.