Improved DB funding position leads to contribution reductions
Picture book talks about personal finance and pensions on a winter's day before Christmas
The John Lewis Partnership has announced plans to close the defined benefit (DB) section of its combined pension scheme.
John Lewis Partnership has announced the deficit of its UK defined benefit (DB) scheme has plummeted by £361m since its 2013 valuation.
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John Lewis Partnership's defined benefit (DB) deficit has increased to £1.5bn as the company reveals a 15% profit fall for the second half of the year.
The increasing cost of servicing its £1.2bn pension shortfall helped push pre-tax profits at John Lewis down over a quarter in the first half of the year.
Rising longevity poses a much greater threat to companies with defined benefit (DB) pension schemes than low interest rates, Fitch Ratings has warned.
Fifteen thousand employees across the UK will be taking part in volunteering activities today as part of Give and Gain day.
Mike Rogers has been made partner and head of large clients in the delegated consulting services team of Aon Hewitt.