B&CE scheme members set to get benefit rate increase

clock

MEMBERS of the closed B&CE Retirement Benefit Scheme will receive a 4.3pc benefit rate increase.

Members who retired on or after August 1 will receive a tax-free lump sum of £7.55 for every qualifying week they were in the scheme. B&CE’s Retirement Benefit Scheme was the UK’s largest private...

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 Defined Benefit

Partner Insight: How to manage your journey to settlement

Partner Insight: How to manage your journey to settlement

Alana Corbett, Senior Consultant, Aon
clock 22 November 2024 • 4 min read
Partner Insight: Beyond the numbers - supporting vulnerable pensioners

Partner Insight: Beyond the numbers - supporting vulnerable pensioners

Just Group
clock 19 November 2024 • 4 min read
SPP: DB funding code will create clarity between funding, covenant and investment

SPP: DB funding code will create clarity between funding, covenant and investment

Survey finds 25% say code will establish ‘clearer TPR expectations’ for risk management

Martin Richmond
clock 14 November 2024 • 1 min read
Trustpilot