DB scheme

Haynes Publishing Group has shut its defined benefit (DB) pension scheme to new entrants as the company's revenues have fallen in the past year.

Financial advisers (IFAs) will be wary of helping members transfer from defined benefit (DB) to defined contribution (DC) arrangements due to fears they will be accused of mis-selling, warn consultants.

Unite members have voted to strike over Tata Steel's plan to close the British Steel pension scheme (BSPS) and make employees work five more years to get their full pension.

Morrisons is planning to shut its salary-linked pension schemes in a move that could save it up to £10m a year.

The wholesale movement of scheme assets from equities to fixed interest ground to a halt last year according to data from the Pension Protection Fund (PPF).

Scheme bond allocations will hit 70% within five years as investors seek a "safe path" away from equity volatility to more stable assets, JLT Pension Capital Strategies predicts.

The DMO should issue CPI-linked gilts on shorter durations of ten to 20 years to match schemes' shorter-dated CPI-linked liabilities, two of the industry's biggest bodies say.

Jonathan Stapleton on DB's lengthy demise

This month the panellists discuss considerations regarding scheme pays facilities.

Plans to close General Electric aviation's defined benefit scheme could halt production at the world's largest aeroplane engine producer after angry workers threatened strike action.