The government has confirmed it will not legislate for a new consolidator for defined benefit (DB) pension schemes in the upcoming Pensions Bill, but is still exploring the potential for the Pension ...

The North East Scotland Pension Fund has landed a windfall from a $434m (£342.7m) class action settlement involving a US sportswear manufacturer. The settlement relates to allegations that the company ...

On the go: The circa £13bn Royal Mail Pension Plan has hired BlackRock to handle £8.8bn worth of its defined benefit scheme assets as an outsourced chief investment officer. Members of RMPP’s ...

On the go: The Pension Protection Fund has proposed to update the assumptions used in assessment period valuations, which determine if a scheme could secure benefits with an insurer above the levels ...

On the go: The £1.7bn TI Group Pension Scheme has completed a £640mn buy-in with Rothesay, covering its remaining uninsured members. This is the seventh bulk annuity transaction for the scheme ...

Workers at carmaker Aston Martin have threatened industrial action following news that it plans to close its defined benefit pension scheme in January 2022. Unite the union said that workers “voted ...

On the go: The Pensions Regulator is prosecuting a Hampshire-based businessman for failing to provide it with details of the companies he owns. Fifty-six-year-old Vincent Bootes, whose several ...

Defined benefit pension schemes protect members’ benefits both in deferment and in payment against the effects of inflation. In broad terms, legislation has required revaluation of all deferred ...

Since October 1 2015, new joiners with defined contribution benefits have up to 30 days to opt out and take a short-service refund. Trustees have to make sure the change in legislation is reflected in ...

The risks facing defined benefit pension schemes are numerous and well documented. Broadly speaking they include investment, longevity, operational and regulatory risks. Investment and longevity risks ...

The Pensions Act 1995 introduced the requirement for trust-based pension schemes to afford their membership the opportunity to nominate, and if necessary elect, member representatives to their board.

The universities scheme made a late amendment to its added years benefit to help members avoid an unforeseen annual allowance charge The Universities Superannuation Scheme acted quickly to avoid ...