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    Final salary schemes

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    • 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
    • Monday, 3 October, 2022
      Pensions
      Liability-driven pension investing is still sound, says man who brought it to UK

      Strategy that drove last week’s market crisis helps ‘immunise’ funds against interest rate and inflation moves

      Dawid Konotey-Ahulu
    • Thursday, 29 September, 2022
      Capital markets
      LDI: the better mousetrap that almost broke the UK

      A Q&A on what went wrong with liability-driven investing

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