DB schemes
Displaying items by tag: DB schemes
Tuesday, 20 February 2024 10:56
4% of DB pension schemes remain open to new members
One in 20 (4%) defined benefit (DB) pension schemes remained open to new members in 2023, new data published today by The Pensions Regulator (TPR) shows.
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Monday, 22 January 2024 12:11
DB pension transfer volumes hit 5 year low
The end of 2023 saw the rate of people transferring out of their DB pension fall to a five-year low, research from pensions consultancy XPS Pensions Group found.
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Friday, 02 June 2023 10:25
DB schemes should offer more flexibility
A former senior official at the Pensions Regulator has called for members of DB pension schemes to benefit from the same flexibility as those with DC schemes have.
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Tuesday, 25 June 2019 12:08
DB advice demand ‘strong’ but supply ‘hampered’ says report
According to adviser research from Aegon the demand for DB advice remains strong with nine out of 10 advisers, who are or have been active in advising on defined benefits, saying there are still many individuals who would benefit from taking advice.
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Thursday, 20 June 2019 11:36
FCA plans new regulatory action over DB transfers
The FCA has revealed it will take further action over DB transfers.
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Wednesday, 01 May 2019 10:55
XPS Pensions acquires DB scheme firm in £4.8m deal
XPS Pensions Group has bought RL Corporate Pension Services Limited from The Royal London Mutual Insurance Society.
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Monday, 03 September 2018 16:55
‘Huge variations’ in how firms ‘triage’ pension transfers
A survey of around 400 financial advisers has found “huge variations” in the way firms carry out an initial ‘triage’ process when clients ask about pension transfers.
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Wednesday, 29 August 2018 09:07
TPR calls on pension schemes to slash transfer values
A document, released under freedom of information laws, has shown The Pensions Regulator has called on pension schemes to cut transfer values.
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Thursday, 09 August 2018 16:32
Life expectancy figures are ‘good news for DB schemes’
New figures from the ONS, which point to a slowing of life expectancy increases, are good news for defined benefit pensions schemes, according to AJ Bell.
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Wednesday, 24 May 2017 12:21
80,000 transfers out of DB schemes in the last year
Around 80,000 transfers out of defined benefit pension schemes were made in the last year, a regulator has estimated.
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