News

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.

Paul McGlone will take over from Hugh Nolan as the next president of the Society of Pension Professionals (SPP) on 1 June, the trade body has announced.

In this week's Pensions Buzz, we want to know if pre-1997 pension benefits should receive statutory protection against inflation.

More members are transferring out of defined benefit (DB) pension schemes when informed of the option, which suggests trustees must think carefully about member communication, according to research.

Bentley Motors staff have voted for industrial action over the planned closure of the defined benefit (DB) Rolls Royce and Bentley Pension Fund (RRBPF) to future accrual.

The aggregate defined benefit (DB) funding level worsened in March, hitting its worst level since last August, the Pension Protection Fund (PPF) has said.

Independent governance committees (IGCs) may see their remit expanded to include reporting on social investing issues under Financial Conduct Authority (FCA) plans unveiled in its business plan today.

The Ensign Retirement Plan has reduced its annual management charges and introduced an income drawdown facility, in a bid to better prepare members for retirement.

The majority of employees will stay opted into their automatic enrolment (AE) scheme despite their pension contributions tripling, Now Pensions research finds.

Around one in ten (11%) workers aged over 55 say pension freedoms have encouraged them to save more since the rules came into effect in April 2015, Prudential has found.