News

Two trade unions have called for Nestle to put on hold plans to close its career average defined benefit (DB) scheme until its actuarial valuation in December.

The government has confirmed it will consider a charge cap for when people access their pension freedoms if it finds evidence of excessive early exit charges.

Mercer head of UK investments Patrick Race has stepped down after four years in the position.

The Pensions Ombudsman (PO) has instructed the Kodak pension scheme to make up the financial losses suffered by a member in a delayed transfer request.

The £40bn, 300,000-member BT Pension Scheme has signed a third-party administration deal with Accenture - extending its relationship by eight years.

Over a quarter (26%) of 56 to 65 year olds do not want any education on retirement issues.

Four in ten benefits professionals (43%) viewed their personal finances as a cause of stress or distraction in the workplace.

Newham Council has proposed creating an asset-backed special purpose vehicle (SPV) to reduce cash contributions to finance its defined benefit (DB) pension scheme.

4imprint is working to cut the liabilities in its defined benefit scheme by turning a £25m pensioner buy-in into a partial buyout and launching a liability transfer exercise for deferred members.

PwC has made four promotions within its pensions and investment team.