Page 68 - Defined Benefit News Today

The number of defined benefit (DB) schemes that closed to future accrual continued to increase across the year, according to Aon.

Legislation to ban the abortion of fetuses with an active heartbeat, provide $500 more in power bill relief, freeze gas taxes and ban open burning of hazardous waste passed as

Meanwhile, in the US, corporate pension funding levels declined in November.

For most people, their pension will be the largest source of income in retirement.  It is therefore crucial that they understand it, plan for it, and know

Legislation to turn rooftop solar panels into “virtual power plants” capable of providing up to 20 megawatts of energy to ratepayers across the island advanced at the Legislature Friday afternoon.

Lawmakers during Wednesday’s session at the Guam Congress Building began discussing a bill that would let peace officers retire at age 55 without penalty and open an alternate retirement plan

Public pension costs are considerably greater than most governments estimate, and a proper understanding of the real cost is the first step toward reform.

The funding levels for the over 5,000 corporate defined benefit (DB) schemes have remained in a healthy position, with many schemes on course to reach buyout, according to PwC.

Standard Life, part of Phoenix Group, has appointed Equiniti to carry out administration of both buy-in and buy-out BPA (bulk purchase annuity) policies.

Legal & General expect to deliver resilient FY22 operating profit growth