News

A Lloyds Bank union is taking legal action to close the pay gap between men and women who took out guaranteed minimum pensions (GMPs).

Royal Bank of Scotland's (RBS) defined benefit (DB) pension scheme has reached 120% funding after the bank made a big cash payment to plug its deficit hole.

Andy Agathangelou has left the Friends of Auto Enrolment (FAE) two and half years after founding the association for the Chartered Institute of Payroll Professionals (CIPP).

The Pensions and Lifetime Savings Association (PLSA) has called for the Pensions Regulator (TPR) to "take a proportionate and flexible approach" to defined benefit (DB) scheme funding.

Chairman of the Work and Pensions Committee (WPC) Frank Field has had a meeting with the Serious Fraud Office (SFO) director about Sir Philip Green.

Defined benefit liabilities have risen by an eye-watering £70bn on the back of the Bank of England's (BoE) decision to cut interest rates and launch a new round of quantitative easing (QE).

A round-up of the key points after yesterday's rate cut by the Bank of England, and the introduction of what one economist dubbed its "bazooka surprise".

This week's top stories were about speculation over a ban on defined benefit (DB) transfers, the Bank of England's interest rate cut, and the closure of advisory firm City Noble.

The government should not impose a blanket ban on members transferring their defined benefit (DB) funds, according to an overwhelming 90% of Pensions Buzz respondents.

Damning research by the Pensions Institute has uncovered a number of ways by which sponsoring employers can shed or avoid their defined benefit (DB) deficits.