defined benefit

Most of the industry believes employers are unlikely to absorb the increase in national insurance contributions, according to PP research.

The number of savers on the right track to receive their desired pension income has increased to 12% from 7% a year ago according to research from Aegon.

Johnston Press has revealed how it cut its pension liabilities by £53m through a medically underwritten study to review assumed life expectancy of its members.

The Pension Protection Fund (PPF) has confirmed it is working with The Pensions Regulator (TPR) to secure the best outcome for BHS scheme members after the retailer entered administration today.

DB is to become more costly under reforms to NI contributions. PP looks at the options for sponsors.

HMRC and the FCA have begun consulting on a tax framework and rules for the secondary annuity market.

Hymans Robertson has promoted seven employees in its pensions team to partner after reporting growth in several areas.

PP looks at the importance of independent advice when doing a buy-in or buyout.

The biggest stories this week were backlash over Bentley's plans to pass NI costs onto DB members, Rothesay Life buying two-thirds of Aegon's bulk annuity book, and speculation over the future of the British Steel scheme.

Bentley Motors has been criticised over plans to pass £1.4m of national insurance (NI) costs onto the 1,300 members of its defined benefit (DB) pension scheme.