Hundreds of gold-plated final salary pension schemes close
The number of final salary workplace pension schemes in the UK has fallen dramatically over the last year.
Read More: The Telegraph – Pensions
Pension schemes would need £470bn for full pay-out
Although the figure is hypothetical, the latest edition of the Purple Book illustrates the scale of the funding challenge facing employers
Read More: FT – UK Companies
Hundreds of gold-plated pension schemes close, says PPF
The number of final salary workplace pension schemes in the UK has fallen dramatically over the last year, as hundreds of companies close the gold-plated retirement plans and move to cheaper schemes.
Read More: The Telegraph – Pensions
Davos 2012: Final salary pensions keep young people out of jobs, says Unilever chief executive Paul Polman
Paul Polman, chief executive of Unilever, has attacked final salary pension schemes – which he claimed were damaging the economy.
Read More: The Telegraph – Pensions
Pension deficits hit record highs
The UK’s gold-plated private sector pension schemes have seen their combined deficits increase to record levels, new figures show.
Read More: The Telegraph – Pensions
Beat the pension hangover
As final salary pension schemes all but disappear we explain what effect the changes will have.
Read More: The Telegraph – Pensions
Pension scheme closures ‘go on’
The closure of final-salary pension schemes to existing staff in the private sector has continued in 2011, a report says.
Read More: BBC News – Your Money
Final-salary pensions being closed rapidly
Companies are closing final-salary pension schemes quickly, with nearly a quarter of all such plans closed to new and existing workers
Read More: FT – UK Companies
400,000 workers shut out of pension schemes due to EU rules
Up to 400,000 working people are set to be shut out of lucrative final salary pension schemes because of proposed European Union pension rules, the CBI has warned.
Read More: The Telegraph – Pensions
EU pension rules could hit millions of pensioners
Workplace pension schemes with over 12 million members could be forced to close if “destructive” new EU rules come into force, the Pensions Minister has warned.
Read More: The Telegraph – Pensions
Automatic pension enrolment delay
Small firms are being given more time before they have to start enrolling millions of staff into workplace pension schemes.
Read More: BBC News – Your Money
Row over new public pension offer
The government denies disguising the impact of its proposed new public sector pension schemes.
Read More: BBC News – Politics
Pension figures ‘not misleading"
The government denies disguising the impact of its proposed new public sector pension schemes.
Read More: BBC News – Your Money
Unison votes for pension strike
Members of the Unison trade union have voted in favour of striking against the government’s plans to change public service pension schemes.
Read More: BBC News – Your Money
Asset-backed schemes return
More than £5bn worth of asset-backed contributions have been funnelled into UK corporate pension schemes in the past two years
Read More: FT – UK Companies
Pension funds ‘further into red’
The UK’s pension schemes have moved further into the red for a second consecutive month, the Pension Protection Fund says.
Read More: BBC News – Your Money
Pension schemes reserve judgment on QE
It is not clear any new round of quantitative easing – even targeted at longer dated gilts – would spark as strong an outcry as the first tranche
Read More: FT – Economy News
Tax warning for defined benefit members
Higher earning members of final-salary pension schemes risk hefty tax charges for overpaying into their workplace plans
Read More: FT – Pensions
