Sentences with phrase «as final salary schemes»

This affects many personal and workplace pensions, but not defined benefit pensions such as final salary schemes.

This was followed by a new proposal, keeping the Diageo Pension Scheme open until March 31 2018 as a final salary scheme, before being modified from April 1 2018 to provide career average revalued earnings accrual, with a 1 / 70th accrual rate, 8 per cent member contributions and a pension age of 60.

Not exact matches

Final salary schemes are unfair to lower paid workers as they disproportionately benefit public sector executives.

A key change for the MPs» pension will see it linked to average salary as opposed to the current, more generous, final salary scheme.

A pledge to end MPs» generous final - salary pension scheme has not come to fruition just yet, as expenses watchdog Ipsa is taking its time.

However it should be improved by closing the final salary scheme down as at 30 April 1997.

As part of government changes to all public sector pension schemes, the new 2015 Firefighters» Pension Scheme was introduced, replacing the final salary arrangement with a career average revalued earnings scheme.

US owners or would be owners of UK companies should take extra care in the case of a UK defined benefit pension scheme («DB Scheme»), sometimes known as a «final salary» scheme, in the UK group.

Acting as an independent trustee of all sorts of occupational pension schemes, including defined benefit (final salary, and CARE), defined contribution, hybrid, and GAD - certified

As well as advising on traditional final salary schemes, Catherine has experience of defined contribution schemes and dealing with the ever increasing governance requirements, career average revalued earnings (CARE) schemes, and cash balance schemes and how they have been impacted by legislative change to clarify the meaning of «money purchase»As well as advising on traditional final salary schemes, Catherine has experience of defined contribution schemes and dealing with the ever increasing governance requirements, career average revalued earnings (CARE) schemes, and cash balance schemes and how they have been impacted by legislative change to clarify the meaning of «money purchase»as advising on traditional final salary schemes, Catherine has experience of defined contribution schemes and dealing with the ever increasing governance requirements, career average revalued earnings (CARE) schemes, and cash balance schemes and how they have been impacted by legislative change to clarify the meaning of «money purchase».