Tag: Defined benefit (db) pension plans

Newsmakers March 20, 2018

BT Reaches Deal with CWU to Close DB Scheme

Union to vote on proposals in the coming weeks.

Newsmakers March 6, 2018

CEO says plan is ‘in discussions with several organizations and employee groups’ about joining the fund.

Newsmakers March 5, 2018

Total deficit for private sector DB plans shrinks 41% over the past year.

Research February 28, 2018

Public pension funding improved by $60 billion during last quarter of 2017.

Newsmakers February 26, 2018

Two-month consultation for scheme members to begin end of March.

Opinion February 21, 2018

Cites problems coming from “highly optimistic” rate of return, lack of employee contributions.

Research February 9, 2018

Low interest rates, and a rising global economy boosted returns.

Newsmakers February 1, 2018

Move means the company will have no required contributions until 2021.

Research October 25, 2017

Survey finds 19% of defined benefit plans have a funded status higher than 101%.

Newsmakers October 10, 2017

Report finds only 47% of consumers receive appropriate advice on defined benefit transfers.

Research October 6, 2017

Leverage of six largest funds in country has risen to 24% from 19% in 2009.

Newsmakers September 25, 2017

Union says changes could cost some workers 70% of their retirement funds.

Research September 18, 2017

Report says 53% of UK employers believe defined benefit plans negatively impact salary raises.

Newsmakers September 8, 2017

Closure would protect existing benefits, but unions express “dismay and bitter disappointment.”

Newsmakers August 2, 2017

The move is part of a long-term de-risking program at the company.