final salary schemes

Tower of London's Beefeaters could go on strike over pension scheme closure

Historic Royal Palaces staff including Beefeaters and Jewel House Wardens could go on strike over proposed closure of their final salary pension scheme.

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Defined benefit pension transfers ‘the next big mis-selling scandal’

Defined benefit (DB) pension transfers represent “another major mis-selling scandal” that “is already erupting”, according to the Work and Pensions Committee.

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Your shout: Moneywise readers have their say in January 2018

Each month we publish the best comments, emails and letters from our readers. Here are the best of January 2018.

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Just 19 FTSE 100 companies continue to provide final salary pensions

Workers increasingly lose out on access to more lucrative final salary defined benefit (DB) pension schemes, new research shows, as employers struggle to meet ongoing costs.

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One in five FTSE 100 pension schemes would struggle in a recession

As many as one in five FTSE 100 companies would struggle to meet their commitments to their pension scheme during an economic downturn.

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Half of financial advisers are wrongly recommending pension transfers, regulator finds

The Financial Conduct Authority is concerned that financial advisers are recommending pension transfers that may not be in the individual’s best interest.

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Is your final salary pension at risk?

Three million final salary pension savers have just a 50% chance of receiving their benefits in full, a new report by the Pensions and Lifetime Savings Association (PLSA) has warned.

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Universities’ pension deficit sparks fears tuition fees might rise

Massive increases to the universities final salary pension scheme deficit is leading to concerns that already controversial tuition fees may have to rise.

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Surge in final salary transfers

Financial advisers are reporting a surge in the number of final salary scheme members who are trading in their pension plans for cash.

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Pension deficits costing workers £200 a year

The cost of keeping defined benefit pension schemes afloat is costing the average worker £200 a year in lost income, according to a new report from the Resolution Foundation.

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