The company joins over 70 other PASA corporate members
Recognising excellence among schemes, consultants, asset managers and providers
Retailer says discount rate and gilt yields movements drive the swing
Smart Pensions’ Darren Philp and Greater Manchester fund’s Euan Miller among recruits
Benefits for fewer than 60 members of the Tesco subsidiary scheme to head to buyout
Pension scheme trustees should actively engage financial advisers if members are looking to transfer out of their defined benefit arrangements and washing their hands of the process does not eliminate risk, a study has found.
This week's top stories include Tesco cutting its defined benefit deficit by £2.8bn after it changed the way it reflected long-dated corporate bond yields in its discount rate.
Supermarket giant Tesco has halved its overall defined benefit (DB) deficit after adapting its discount rate calculations to better reflect trends in long-dated corporate bond yields.
Phasing has arrived with auto-enrolment contributions rising from 2% to 5% for millions of pension savers. As we wait to see what happens as a result, James Phillips asks what's next.
Last year Tesco replaced its DB scheme with a low cost DC arrangement targeting investment strategies that push the boundaries of typical DC funds. Stephanie Baxter explores why the award-winning scheme breaks the mould.