Tag "Defined Benefit"

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News UK Pensions

Greater enforcement powers proposed for TPR

Civil fines of up to £1 million could be leviable and criminal prosecutions brought against pension schemes and their bosses under proposals intended to strengthen the powers of The Pensions

News UK Pensions

Bentley workers consider strike action over pensions

Bentley Motors workers at the luxury car maker’s Crewe headquarters have backed industrial action in a consultative ballot over plans to close its defined benefit pension scheme, according to the

News UK Pensions

Defined benefit pensions review could propose penalties for company bosses

Prime Minister Theresa May’s plans to crack down on reckless behaviour that puts defined benefit pensions at risk are “essential” to scheme security, the Pensions and Lifetime Savings Association (PLSA)

News UK Pensions

University strikes remain on as UCU rejects proposals

The University and College Union (UCU) has rejected a proposal drawn up at talks with Universities UK to end the university pensions strike. UCU representatives met with Universities UK on

News UK Pensions

Academic staff strike over USS changes

Two days of strikes over plans to end the defined benefit element of the Universities Superannuation Scheme (USS) began today, affecting more than one million students at more than 60 higher

News UK Pensions

BT scheme members accept new pension deal

Managers and professionals working at BT have voted to accept a new pension deal negotiated on their behalf, workers’ union Prospect has said. BT announced plans to review its defined

News UK Pensions

University boss calls for rethink over USS changes

Proposed changes to the Universities Superannuation Scheme (USS) would have “serious consequences” for affected universities and alternative approaches should be explored, the University of Warwick’s vice-chancellor, Professor Stuart Croft, has

News UK Pensions

USS faces significant benefits changes

Universities UK is proposing changes to the Universities Superannuation Scheme (USS) to address deficit issues and a significant rise in the cost of future pensions. A deficit of approximately £7.5

News UK Pensions

The Pensions Regulator annual funding statement

The Pensions Regulator [has] published its 2015 annual funding statement, setting out its analysis of current market conditions and how sponsoring employers and trustees of defined benefit (DB) pension schemes

European Pensions News

EIOPA Launches Pensions Stress Test

​EIOPA has launched its pensions first stress test for Institutions for Occupational Retirement Provision (IORPs), and a quantitative assessment of further work on solvency of IORPs. The stress test will