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Final salary schemes

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  • Friday, 23 February, 2024
    Ministers set out plans to ease access to UK pension scheme surpluses

    Proposals come after recent period of rising interest left majority of defined benefit plans in the black

    Commuters cross London Bridge
  • Wednesday, 10 January, 2024
    Pensions
    Government defends access to UK pension surpluses

    Trustees will be prevented from making risky decisions if proposals go ahead

    Commuters heading across London Bridge towards the City of London
  • Friday, 8 December, 2023
    Game over for DB pensions?

    Insert coin to discontinue

  • Wednesday, 27 September, 2023
    LexVanessa Houlder
    The Lex Newsletter: finally, final salary pensions weaken their grip Premium content

    Changes in interest rates, inflation and life expectancy have propelled more schemes into surplus

    A Wincanton logistics facility in Northamptonshire
  • Tuesday, 5 September, 2023
    UK politics
    Pension Protection Fund pushes for new remit to boost UK investment

    Statutory public corporation says its role should be expanded so that it can manage healthy defined benefit schemes

    People walk over London Bridge
  • Thursday, 24 August, 2023
    John Ralfe
    Interest rates and pensions: good news and bad

    Company schemes look more secure — but annual increase caps hit defined benefit payouts

    An illustration of a female in a blue power suit opening an umbrella. She stands amid contrasting sunny and stormy weather conditions
  • Tuesday, 11 July, 2023
    Workplace pensions
    UK seeks to improve employers’ access to pension surpluses

    Government opens consultation on how to channel billions of pounds from defined benefit funds into wider economy

    Pound coins stacked on top of of £10, £20 and £50 notes
  • Tuesday, 30 May, 2023
    Netherlands
    Dutch senators approve pensions overhaul

    Vote paves way for Netherlands to move to a ‘defined contribution’ model by 2028

    A protester holds a placard that reads ‘Don’t do it’ in front of the senate, where the new pension law is being debated in The Hague
  • Friday, 12 May, 2023
    John Ralfe
    Defined benefit pensions: not dead yet

    Schemes survive in the private sector and are still going strong for public sector staff

    London night-time office workers
  • Monday, 1 May, 2023
    Pensions industry
    UK employers push to cut pension scheme payments after rates windfall

    Contributions seen as unnecessary with many retirement plans seeing unexpected surplus

    Pound coins and a ‘pension fund’ dictionary entry
  • Wednesday, 5 April, 2023
    Markets InsightToby Nangle
    Pension shift will change the UK financial landscape

    Small number of insurance companies will dominate management of defined benefit scheme assets

    FT montage of walking figures
  • Tuesday, 28 March, 2023
    Workplace pensions
    UK universities pension plan warns against shake-up of funding rules

    Largest private-sector retirement scheme, with fund of £90bn, tells regulator of ‘deep misgivings’ over proposals

    A university lecturer standing in front of a room full of students
  • Friday, 10 March, 2023
    News in-depthPensions industry
    Corporate rush to offload pensions adds to pressure on UK equities

    Funds sell stocks and lock in higher bond yields to make DB plans more attractive to insurers

    A close-up of older people coming to an agreement with an insurance agent
  • Monday, 30 January, 2023
    Pensions industry
    Push into illiquid assets exposes UK pension savers to higher fees

    Government presses ahead with plans to funnel scheme funds into infrastructure and start-ups

    Construction worker on a roof of a building
  • Friday, 13 January, 2023
    Helen Thomas
    Can we talk more about my pension this year?

    Comfortable world of defined benefit schemes has dominated UK news — what about the rest of us?

    Commuters on London Bridge in the City of London
  • Thursday, 29 December, 2022
    Pensions crisis
    Pensions industry and consultants play blame game over LDI crisis

    Calls grow for regulation of UK’s influential and concentrated investment advice sector

    John Ralfe addresses MPs on the work and pensions committee
  • Wednesday, 21 December, 2022
    The Big Read
    Lessons from the gilts crisis

    The meltdown was an early warning about radical changes in financial markets and suggests pension systems might not be fit for purpose

    Montage image showing a close up of the corner of a £20 note, where the Bank of England is written. Red semi-circles surround it
  • Thursday, 8 December, 2022
    LexPensions crisis
    UK pensions/LDI: crisis fallout has implications for scheme deficits Premium content

    Every crisis tends to be followed by an equal and opposite regulatory reaction

    BT Group logo
  • Friday, 2 December, 2022
    Financial Conduct Authority UK
    FCA issues first fine in British Steel pension mis-selling scandal

    Welsh financial adviser hit with £2.4mn penalty for ‘woeful’ guidance to quit defined benefit schemes

    A steelworker at a British Steel plant
  • Monday, 28 November, 2022
    UK mis-selling
    Cost of funding pension scandal payout for UK steelworkers falls sharply

    Improvement in annuity rates slashes money needed for compensation linked to British Steel Pension Scheme

    View of Tata steel works in Port Talbot
  • Friday, 14 October, 2022
    Markets InsightJohn Ralfe
    Investigation needed to hold those behind UK pension crisis to account

    Taxpayers should not bail out companies that have been speculating

  • Friday, 7 October, 2022
    Serious MoneyMoira O'Neill
    Time to switch out of a defined benefit pension?

    Rising rates make annuities attractive for DB pensioners but they’re not right for all

    A pound coin balanced on a dictionary displaying the words pension fund
  • Wednesday, 5 October, 2022
    Pensions crisis
    A brief history of LDI

    How an accounting tweak and a radical actuarial theory created a trillion pound asset class

  • Wednesday, 5 October, 2022
    Helen Thomas
    UK pensions implosion could end with a deals boom

    Hidden risks revealed by crisis may prompt ‘buyout’ deals that shrink world of defined benefit schemes

    Commuters in the City of London, UK
  • Monday, 3 October, 2022
    Financial services
    Asset managers cut debt in pension scheme investing strategies

    Shift to safety comes after market turmoil triggered by UK mini-Budget

    Commuters at London Waterloo underground station
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