DB

The Bank of England's decision to cut interest rates in response to the coronavirus crisis have driven defined benefit deficits higher, with UK pension schemes facing a funding hole of £166.1bn by...

The BT Pension Scheme - the UK’s largest company pension - will aim for its portfolio to be net zero, in terms of greenhouse gas emissions, by 2035.   The new climate...

Only a 1930s-style depression would have caused pension income to be cut under new collective defined contribution (CDC) schemes, according to new research from Aon. The pension consultancy said extensive analysis indicates...

The Pensions Management Institute (PMI) has appointed Lesley Alexander as its new president. Alexander has been a non-executive director on the board since 2018, and is already in her second term on...

Collective defined contribution (CDC) schemes will deliver retirement income on average 70 per cent higher than annuities bought through traditional DC saving, and 40 per cent higher than typical DB structures, according...

Future pension reform could see further divergence between DC and DB pension regimes, with a reduction in higher rate tax relief on DC pensions only, but greater flexibility in regards to access. ...

The Pension Protection Fund levy looks set to reduce during 2021/ 22 according to a consultation paper put out by the organisation.  This paper proposes a reduction in the overall levy to...

Royal London is bidding to take over fellow mutual financial services provider LV= in a deal estimated to be worth in excess af £500m, according to media reports. The tie-up would create...

The new rules, including the ban on contingent charging, in FCA Policy Statement 20/6, come into effect next month and we are already starting to see advisers change their processes and pricing....

The Pension SuperFund has appointed James Pearce as its new chief financial officer. Pearce joins from Just Group where he was director of group finance. In this role he was responsible for...