Tata Steel UK's intention to close the British Steel Pension Scheme (BSPS) to future accrual has been "raised" in discussions with unions, according to a lawyer close to the matter.
IAS 19 is the accounting standard many sponsors use to make disclosures about their defined benefit schemes in their records. But a report from Lincoln Pensions argues IAS 19 is not good enough. Michael Klimes investigates.
The most popular stories were a potential RAA for British Steel Pension Scheme if the government shelves plans to change pension law, and Treasury plans to launch the pensions dashboard by next Spring.
The British Steel Pension Scheme could seek to use a regulated apportionment agreement (RAA) if the government shelves controversial plans to change pensions law to help the scheme.
The Pension Protection Fund (PPF) has published its latest restructuring principles and guidance for insolvency professionals.
The British Steel Pension Scheme (BSPS) trustee has shown the government "compelling evidence", arguing it can pay modified benefits indefinitely on a low risk basis outside the lifeboat fund.
The industry has come up with various ways to solve the numerous challenges faced by DB schemes. Kristian Brunt-Seymour examines responses to the DB Taskforce's call for evidence.
The likelihood of the Pension Protection Fund (PPF) meeting its 2030 self-sufficiency target has risen to 93% in its 2015/16 report.
Delaying an increase in the amount of money certain members receive from the Pension Protection Fund (PPF) is a huge injustice according to Ros Altmann.
Financier Edmund Truell believes he can protect British Steel benefits. Michael Klimes examines the details