Scheme closures

Union bosses have accused Remploy of planning to wind-up its defined benefit scheme after documents suggested trustees were seeking to pay off its deficit.

RM education is in discussions with trustees of its defined benefit pension plan to close the scheme to future accrual.

Trustees should not slash communications budgets in tough times as it is the only way to keep member confidence through scheme changes, delegates at the PP Show heard.

The Alliance Trust Companies' Pension Fund has moved further into the black in the first six months of the year after closing to future accrual in the spring.

The multi-employer Students' Union Superannuation Scheme is to close to future accrual at the end of the month due to fears over section 75 debt liabilities.

Stadium Group has closed its defined benefit scheme to existing members in what it calls "an important step towards finally resolving the funding issues within the pension scheme".

Phoenix group has closed its defined benefit pension schemes to future accrual to limit future costs and volatility relating to the funds' deficit.

G4S has closed its three UK defined benefit schemes to future accrual to limit the future growth of liabilities.

Hachette UK is to close its two defined benefit pension schemes to future accrual and inject an additional £8m to tackle its £35m deficit.

Bookmaker William Hill has halved its £30m defined benefit deficit since the start of the year after ceasing future accrual in March, its interim results reveal.