Career Average Benefits
Defined Benefit
The Communication Workers Union (CWU) has proposed a major shake-up of its defined benefit (DB) provision, despite threatening industrial action at Royal Mail for planning similar changes, PP can reveal.
14 September 2017
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2 min read
Defined Benefit
Final salary members of the AA UK defined benefit (DB) scheme are to move to a career average segment in a bid to stem the deficit.
12 June 2017
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1 min read
Defined Benefit
Nuclear specialists and managers have voted in favour of reforms which will see their retirement fund based on career average earnings rather than final salary from next April.
30 May 2017
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1 min read
Defined Benefit
AA has launched a consultation with its final salary scheme members to revalue benefits in a career average section.
29 March 2017
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2 min read
Law and Regulation
Plans to reform pensions across the Nuclear Decommissioning Authority (NDA) to bring them in line with public sector changes are being opposed by trade unions.
05 January 2017
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3 min read
Defined Benefit
Nestlé has agreed a deal with trade unions to secure its £3.8bn career average defined benefit (DB) scheme after the company had tried to close it down.
15 August 2016
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2 min read
Defined Benefit
The BBC has launched an audit of its pension scheme after complaints about confusing guidance on its website.
25 April 2016
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1 min read
