Barnardo's shuts DB scheme ahead of auto-enrolment

clock

Children's charity Barnardo's has announced it will close its defined benefit scheme ahead of auto-enrolment.

The scheme, which was closed to new members in 2007, had liabilities of £548m with a deficit of £83.9m at the end of March 2012, up from £73.4m in 2011. Barnardo's finance director Kevin Barnes ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Risk Reduction

Wednesbury Pension Scheme completes £43m buy-in with Just

Wednesbury Pension Scheme completes £43m buy-in with Just

Transaction secures the benefits of all 384 scheme members, including 321 pensioner members

Jasmine Urquhart
clock 26 November 2024 • 1 min read
M&G completes £500m BPA deal that shares value with corporate sponsor

M&G completes £500m BPA deal that shares value with corporate sponsor

Transaction secures the benefits for around 3,200 pensioner and deferred members

Martin Richmond
clock 25 November 2024 • 3 min read
Aviva completes £1.7bn buy-in with National Grid scheme

Aviva completes £1.7bn buy-in with National Grid scheme

The buy-in insures the benefits for 5,800 pensioner members of the utility firm

Jonathan Stapleton
clock 25 November 2024 • 2 min read
Trustpilot