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final salary

uncategorised

Aviva and RAC to close final salary schemes

Aviva has confirmed plans to close both the Aviva and RAC final salary schemes to future accruals.

clock 20 April 2010 •

uncategorised

Tory government will not bail-out PPF

The shadow pensions minister has said a future Conservative government will not rescue the Pension Protection Fund (PPF) should the compensation scheme fall into hardship, reports The Guardian.

clock 13 January 2010 •

uncategorised

DB deficits experience worst year on record

Defined benefit schemes saw an increase of more than £170bn in total deficits in 2009, marking the worst year on record, Pension Capital Strategies (PCS) says.

clock 04 January 2010 •

Investment

Pensions Regulator warns on forcing employees into DC schemes

Some employers are using ‘worrying' tactics to convince their employees to leave final salary pension schemes, according to The Pensions Regulator (TPR).

clock 10 December 2009 •

Pensions

Rising equities drive DB pension improvement

The financial performance of defined benefit (DB) pension schemes improved in November on the back of rising equity markets, according to the Pension Protection Fund (PPF).

clock 08 December 2009 •

uncategorised

Employers rake in savings as DB declines

Employers are saving up to £4.53bn a year in pension contributions as millions of employees withdraw from final salary schemes, MGM Advantage research reveals.

clock 30 June 2009 •

Investment

DB trustees 'must cooperate' to plug £45bn funding gap

Trustees of final salary pension schemes should act to support their sponsor companies during the economic downturn, despite facing a £45bn annual shortfall, according to Aon Consulting.

clock 31 October 2008 •

Investment

O'Brien slams Tory final salary plans

Conservative Party plans to abolish public sector final salary pensions would destroy "the best pension schemes in Britain", argues Pensions Minister Mike O'Brien.

clock 15 January 2008 •

Investment

Reports of DB's return are greatly exaggerated

Mark Twain once remarked ‘reports of my death are greatly exaggerated' upon hearing that his obituary had been published in the New York Journal.

clock 16 March 2007 •

uncategorised

Unions to muscle in on Standard's pension talks - papers 24th Jan

SEVERAL hundred Standard Life employees are expected to attend an open meeting on the company's proposed pension changes organised by the Amicus trade union today in Edinburgh, says the Scotsman .

clock 24 January 2007 •
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