Sentences with phrase «defined benefits pension scheme»

Generally, an employer's wider group, whether in the UK or otherwise, has no legal obligation to make good the deficit in that employer's UK defined benefits pension scheme.

Not all Type A events fall within the scope of the regulator's moral hazard powers but if a Type A event is being contemplated, it is important to consider the impact of that event on any defined benefits pension scheme and establish how to mitigate any detriment caused.

Workers are fighting plans to change their USS defined benefit pension scheme to a defined contribution one.

It will allow DB pension funds far more freedom when carrying out their valuations, which will inevitably mean that defined benefit pension schemes will be better able to ride out these unprecedented economic circumstances.

Meanwhile this week it was reported that more than half of those defined benefit pension schemes still open to new members will be closed due to the current economic situation.

The Teachers» Pension Scheme is a Defined Benefit pension scheme, where the amount of the pension to be received is based on a pre-existing formula.

Changes to defined benefit pension schemes set to come into effect in 2016 could see retirement incomes fall, as the state pension scheme is revamped.

Earnings in the period of $ 13.3 m attributable to equity shareholders were offset by losses of $ 4.7 m on the retranslation of the net assets of foreign currency denominated operations, actuarial losses of $ 3.5 m (net of deferred tax) on employee defined benefit pension schemes, revaluation losses of $ 2.2 m (net of deferred tax) following the revaluation of property and the payment of the final 2012 dividend of $ 5.0 m to equity shareholders of the Company.

The net liability of the Group's defined benefit pension schemes (net of deferred tax) increased to $ 26.6 m at 30 June 2013 from $ 23.7 m at 31 December 2012.

«They have increased their working week and have accepted the closure of their defined benefit pension scheme.

Appropriate pricing and business planning can ensure that a defined benefit pension scheme is no bar to successful acquisition activity.

However, the question remains in the minds of many: is it possible to acquire a business with a defined benefit pension scheme risking without your own business?

This in itself can discourage many businesses from taking on a defined benefit pension scheme.

However, the mere existence of a defined benefit pension scheme should not stop you purchasing a business.

The Defined Benefit Pension Schemes white paper, published 19 March, has announced that «wilful or reckless behaviour in the handling of company pension funds» may become a criminal offence, punishable of up to two years in prison.

In any insolvent or distressed situation, a defined benefit pension scheme becomes a very large creditor (often the largest).

Barclays» defined benefit pension scheme has some 230,000 members and a deficit of approximately # 4.8 bn as at 30 September 2017.

The High Court has ruled that Barclays» pensions proposals will not hold up its ring - fencing plans, in a decision that considered widely relevant issues of restructuring defined benefit pension schemes and Pensions Regulator clearance.

Advised on the acquisition of a manufacturing conglomerate across multiple jurisdictions, including informing or consulting employee representatives, dealing with a substantial defined benefit pension scheme deficit, and negotiating new service agreements for the board of directors

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.

Drinks company Diageo has avoided a strike by members of its defined benefit pension schemes after union members accepted a deal, bringing to an end months of back - and - forth.

Advised various companies on consultations with their workforce over the closure of defined benefit pension schemes and replacement with defined contribution plans.

Advice to the potential purchaser of an insolvent business which operates a large underfunded defined benefit pension scheme.

Drinks company Diageo has avoided a strike by members of its defined benefit pension schemes after union members accepted a deal...

Multiple employers in relation to the closure of their defined benefit pension schemes to future accrual and the implementation of new benefit arrangements

Management of closure of final salary or defined benefit pension schemes to future accrual for employers

In addition she advises on corporate real estate transactions and asset backed contributions structures for defined benefit pension schemes.

Not exact matches

The majority of smaller stressed defined benefit schemes are likely to end up in the Pension Protection Fund, according to consultancy Barnett Waddingham, as it raised concerns that the Pensions Regulator's new tougher stance may remove vital flexibility from the system.

The effect often leaves a bankrupt shell of a company, or at least enables corporate raiders to threaten employees with bankruptcy that would wipe out their pension funds or employee stock ownership plans if they do not agree to replace defined benefit pensions with riskier contribution schemes.

Peter Doherty: «Critically, a defined benefit transfer is an irreversible transfer of risk from a pension scheme to an individual.»

Additionally, the Public Sector Pensions Commission recently estimated that a huge 94 per cent of public sector employees are still on unsustainable defined benefit schemes, compared to just 11 per cent in the private sector.

The party's new policy expresses great concern that the current methods used to evaluate defined benefit (ie final salary and career average) pensions have been unable to cope with these unprecedented market conditions, and this, coupled with over-regulation on the part of the Pensions Regulator, had produced wildly volatile deficits which no - one could predict — wholly unsatisfactory for schemes that have to plan over half a pensions have been unable to cope with these unprecedented market conditions, and this, coupled with over-regulation on the part of the Pensions Regulator, had produced wildly volatile deficits which no - one could predict — wholly unsatisfactory for schemes that have to plan over half a Pensions Regulator, had produced wildly volatile deficits which no - one could predict — wholly unsatisfactory for schemes that have to plan over half a century.

Defined benefit pensions stipulate that the pension holder accrues an entitlement to income through contributions to the pension scheme.

The union says the company has closed its defined benefit, or final salary, pension scheme, offering new entrants an «inferior» scheme which the CWU claim will leave them in «pensioner poverty».

The EU pension system is similar to a defined benefits scheme.

The Teachers» Pension Scheme The Teachers» Pension Scheme (TPS), like other public sector pension schemes, is a Defined Benefit (DB) pension Pension Scheme The Teachers» Pension Scheme (TPS), like other public sector pension schemes, is a Defined Benefit (DB) pension Pension Scheme (TPS), like other public sector pension schemes, is a Defined Benefit (DB) pension pension schemes, is a Defined Benefit (DB) pension pension scheme.

PUBLIC SECTOR PENSION REFORMS Traditionally, public sector pensions have been final salary Defined Benefit (DB) schemes that pay a proportion of the salary you were on before you retired.

Or is it buyout from a defined - benefits pension scheme?

The latest «solution» coming out of Ottawa, floated Thursday, is a new hybrid «target - benefit» pension scheme that would be a sort of middle ground between traditional defined - benefit pensions and the more market - oriented defined - contribution plans favored by modern employers.

Executive Directors are entitled to benefits under defined contribution scheme pension arrangements.

If your new employer has a Final Salary or defined benefit type pension scheme, join it.

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

If you are considering moving money from a final salary scheme pension or a defined benefit pension, get specialist pension advice from an independent financial adviser first.

· an additional pension cost to the Condensed Group Income Statement of $ 0.4 m for the period ended 30 June 2012 and $ 0.7 m for the year ended 31 December 2012, due to the increase in the net interest cost, with a corresponding decrease in actuarial losses on defined benefit schemes recognised in the Condensed Group Statement of Comprehensive Income

Her work covers the full range of pensions advisory work including funding, benefit redesign projects, scheme closures and amendments, and defined benefit / contribution schemes.

This is good news for those wishing to take money out of the defined benefit scheme, but these larger pay - outs put further pressure on the pension schemes themselves — many of which are already critically underfunded.

Research by PricewaterhouseCoopers (PWC) has revealed that the funding deficit for defined benefit (DB) pension schemes in the UK has fallen to # 200 billion.

Following the merger of Asda with Sainsbury's, it has been revealed that Walmart will retain the Asda Defined Benefit (DB) scheme in order to protect the interests of pension holders.

the Government's approach to the British Steel Pension Scheme may define the Government's approach to defined benefit schemes in some areas (e.g. mandatory indexation of pensions).

Recently, John has been involved in a substantial number of cases concerning employment law and pensions, concerning matters such as the closure of Defined Benefit schemes, and age discrimination issues.