‘Hugely embarrassing’ recalculation puts schemes at a deficit of just over £130bn in 2023
Bonds, traditionally seen as safe assets for pension pots, have been subject to huge fluctuations in recent years
Intergenerational risk-sharing is a much-touted myth
More employers pause buyout plans with insurers after improvements to scheme funding positions
There is a strong case for improving the pensions of the existing workforce
Withdrawals of more than £268,275 will be treated as taxable income
Commons committee calls on government and regulator to change tack over where retirement schemes can invest
Thousands of people due to gain from transfer of scheme to ‘superfund’ operator Clara
Proposals come after recent period of rising interest left majority of defined benefit plans in the black
Trustees will be prevented from making risky decisions if proposals go ahead
Insert coin to discontinue
Changes in interest rates, inflation and life expectancy have propelled more schemes into surplus
Statutory public corporation says its role should be expanded so that it can manage healthy defined benefit schemes
Company schemes look more secure — but annual increase caps hit defined benefit payouts
Government opens consultation on how to channel billions of pounds from defined benefit funds into wider economy
Vote paves way for Netherlands to move to a ‘defined contribution’ model by 2028
Schemes survive in the private sector and are still going strong for public sector staff
Contributions seen as unnecessary with many retirement plans seeing unexpected surplus
Small number of insurance companies will dominate management of defined benefit scheme assets
Largest private-sector retirement scheme, with fund of £90bn, tells regulator of ‘deep misgivings’ over proposals
Funds sell stocks and lock in higher bond yields to make DB plans more attractive to insurers
Government presses ahead with plans to funnel scheme funds into infrastructure and start-ups
Comfortable world of defined benefit schemes has dominated UK news — what about the rest of us?
Calls grow for regulation of UK’s influential and concentrated investment advice sector
The meltdown was an early warning about radical changes in financial markets and suggests pension systems might not be fit for purpose
