Defined Benefit

The Financial Conduct Authority (FCA) is proposing changes to its rules that would require all pension transfer advice to be verified by a qualified specialist.

The British Coal Staff Superannuation Scheme has axed surplus sharing arrangements and standstill while introducing annual pension increases for members.

British Polythene Industries (BPI) has agreed with the trustees of its defined benefit (DB) scheme to switch its pension payments to the Consumer Prices Index (CPI).

With the general election almost upon us we eagerly await news telling us what Cameron, Miliband et al want to do to our pension system should they be elected.

Master trusts could take off in the defined benefit market. Michael Klimes finds out why.

The Trinity Mirror Group has agreed to pay £36.2m into its defined benefit schemes on an annual basis over the next three years to plug its ballooning deficit.

Insurance companies now account for 6.5% of all UK defined benefit (DB) pension scheme liabilities following another record year for risk transfers.

Pension deficits at the UK's top 100 firms have ballooned 60% in the past year, carrying on a trend of spiralling funding gaps for schemes.

Conflicts of interest make it challenging for trustees to assess consultants

Clients looking to transfer out of defined benefit (DB) pension schemes could struggle to find willing advisers and providers to facilitate the shift, leaving them at greater risk of falling victim to fraudsters, Neil MacGillivray has warned.