DMGT makes moves to shift DB to cash balance arrangement

clock

Daily Mail and General Trust has introduced a raft of changes - moving members of its defined benefit scheme to a cash balance arrangement by March 2012.

Benefits accrued before 1 April 2011 will be preserved but delinked from pensionable earnings and future increases will be in line with the Retail Prices Index, capped at 5%. The measures requir...

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

DB scheme funding levels see gains at start of 2025

DB scheme funding levels see gains at start of 2025

Broadstone finds fully hedged scheme deficit fell to lowest level in three years in January

Martin Richmond
clock 06 February 2025 • 1 min read
DB pension redress liabilities dip below 5% of transfer values

DB pension redress liabilities dip below 5% of transfer values

First Actuarial found ‘considerable drop’ in financial risk associated with DB redress

Holly Roach
clock 05 February 2025 • 2 min read
Government plans to extract DB surplus 'go much further than most realised', says LCP

Government plans to extract DB surplus 'go much further than most realised', says LCP

Consultancy analysis finds government plans to extract DB surplus could be worth £160bn

Martin Richmond
clock 03 February 2025 • 2 min read
Trustpilot