Final Salary Defined Benefit Pension

NAPF estimates QE has cost final-salary pension schemes £270 billion

NAPF: QE has led to £270bn final-salary pension funding gap

The National Association of Pension Funds (NAPF) says that the £325bn programme of quantitative easing has cost final-salary pension schemes £270 billion since 2009.

Fewer employees are paying into a company pension scheme says the ONS

Company pension enrolments fall below 50 per cent

New official data from the Office for National Statistics (ONS) shows membership of company pension schemes has dropped to just 48 per cent, the lowest since records began in 1997.

Final-salary pension schemes are being shut by many UK companies

UK pension contributions stay at 12% of salary says NAPF

The annual report from the National Association of Pension Funds (NAPF) says that final-salary pension schemes are closing at an increased rate but overall contributions are stable.

Increased life expectancy means we need to fund our retirements for longer

Why you need to start saving for a pension now

Despite the introduction of a single-tier pension increased life expectancy means most of us will be funding our retirement for longer and it may not be sensible to rely on the government.

The ACA says nine out of 10 finaly salary pensions are now closed to new entrants

Pensions system in crisis says ACA

The private pensions system is in crisis and requires immediate government action, according to the Association of Consulting Actuaries (ACA).

The Pension Regulator has warned against employers pressuring employees to contract out of final salary pensions schemes

Regulator exposes risky pension transfer tactics

Pension scheme members are being warned their retirement savings could be at risk from employers urging them to transfer out of their fund.

More final salary pensions have closed to new memebers in the last year than in the previous two years the NAPF said

More final salary pensions schemes close to new members

The recession has continued to take its toll on private sector final salary pension schemes, according to the National Association of Pension Funds (NAPF).

Pension scheme liabilities top £1 trillion

Company accounts are showing the UK's 200 largest privately sponsored pension scheme liabilities have reached £500 billion for the first time, according to research.

9 in 10 final salary schemes closed to new recruits

Almost nine out of ten final salary pension schemes are now closed to new entrants and existing members can expect to see their future benefits slashed, according to a report.

Royal Bank of Scotland plans pension cut

Royal Bank of Scotland has announced plans to cut final salary staff pensions in a move described by a trade union as a "body blow".

Time is running out for final salary pensions

Final salary pensions at 'tipping point'

Final salary pensions have reached a 'tipping point' and schemes will close over the next few years unless better ways of funding can be found, KPMG has predicted.

Barclays workers to vote on strike over pensions 'betrayal'

Workers at Barclays are set to vote on strike action over changes to pensions.

Pension deficit soars above £200bn

The deficit on UK final salary schemes has soared to £200.1 billion in June as stock markets tumble, according to the Pension Protection Fund (PPF).

Now IBM looks at cutting final salary pension scheme

IBM has become the next firm to look at cutting its final salary pension scheme for existing staff in the UK.

Final salary pensions set to disappear in the private sector

Final salary pensions "unsustainable" claim 96% of firms

Ninety-six per cent of companies see final salary pension schemes as unsustainable.

Final salary pension schemes are dead and buried

Final salary pension schemes are 'finished'

Final salary pension scheme no longer have a future, a senior pensions expert has predicted.

Barclays closes door on final salary pension

Barclays drops final salary pension

Barclays today announced it is proposing to drop its final salary pension scheme.

BP to close final salary pension scheme

BP is to close its final salary pension scheme to new employees.

Sound companies risk 'being dragged down by pension deficits'

Companies providing pensions are calling for more time to fill deficits, or some risk going under.

Downing St distances itself from Harman rogue comments

Downing St discomfort over Harman rogue Sir Fred pension threat

Downing Street has backed away from Harriet Harman's claim that ex-RBS boss Sir Fred Goodwin will be forced to give up his £693,000 pension.

Brown pushes Sir Fred to give up part of pension

Brown: Goodwin pension payout "quite wrong"

Gordon Brown has hit out at the £16 million pension pot of ex-Royal Bank of Scotland chief Sir Fred Goodwin as being "quite wrong".

Sir Fred bites back on government calls to return pension

Sir Fred: My pension cut "not warranted"

Former Royal Bank of Scotland chief executive Sir Fred Goodwin has no intention of 'doing the right thing' and giving up his £650,000 pension, despite the bank announcing the largest annual losses in British corporate history.