Companies/schemes index 2004/2008: issues 171 to 216

Aberdeen City Council

Combined Pension Forecasts introduced at Cable & Wireless and Aberdeen City Council

176 / 7-8

AEA Technology

AEA leaves the transfer club

207 / 2

 

Employer contributions to defined benefit schemes rise sharply

192 / 6-11

 

UKAEA's administration looks to expand

176 / 2

 

AEA Technology closes scheme and increases contributions

172 / 4

Aga Food Service

Employer contributions rise by a third in a year

203 / 7-11

 

Aga Foodservice Group scheme incorporates tax regime changes

201 / 2

Alcan Packaging

DC contribution structure at Alcan Packaging

173 / 6

Alstom

Alstom revises pension provisions

208 / 2

ANZ

Employee contribution rates are on the increase

183 / 2

Arup

Employee contribution rates are on the increase

183 / 2

ASW

ASW union continues with its legal action

179 / 2

Audit Commission

Meeting the trustees' training needs

195 / 6-11

Avis

Avis' new hires contribute to retirement capital plan

174 / 3

Aviva

Employee contribution rates are on the rise

183 / 2

Axa

Company practice on employees continuing in work while drawing a pension

206 / 4

 

Employee contribution rates are on the increase

183 / 2

BA

BA reports on investment performance

208 / 3-4

 

BA cabin crew accept pensions deal

205 / 2-3

 

BA pension payments

196 / 2

 

Meeting the trustees' training needs

195 / 6-11

 

BA plans to raise retirement age

194 / 4

 

BA Pensions plans for implementing the new tax regime

189 / 8-10

 

BA staff lose bid to raise retirement age

177 / 2

 

BA to pay more as deficit worsens

171 / 1-2

BAA

BAA strikes cancelled after pension victory

212 / 2

 

Unite calls for BAA strike ballot

211 / 4

 

BAA to close final salary scheme to new members

209 / 2

 

BAA introduces flexible retirement terms

184 / 4

 

Commutation is popular despite rates

181 / 6-9

BAE

BAE Systems uses a combination of approaches to address the UK pension funding deficit

198 / 5-8

Balfour Beatty

Balfour Beatty quantifies numbers of employees not joining or opting-out of its scheme

207 / 5

Bank of England

Bank of England reviews its pension provision

208 / 4

Barnardo's

Commutation is popular despite rates

181 / 6-9

 

Barnardo's keeps its scheme open with more affordable final salary options

175 / 4-6

 

Barnardo's keeps its scheme open with more affordable final salary options

175 / 4-6

Bayer

Bayer improves trustees' access to information

196 / 3

BBC

Defined benefit schemes have mixed investment returns

215 / 6-11

 

BBC puts on hold some of its proposed pensions changes

199 / 2-3

 

BBC to introduce career average scheme for new employees

195 / 2-3

BG

British Gas and GMB reach agreement over pension scheme

192 / 4

 

British Gas engineers vote to strike over pensions

191 / 2

 

Commutation is popular despite rates

181 / 6-9

 

BG Pension Scheme allows flexible AVCs

171 / 2

Birmingham Airport

Union campaign keeps final salary scheme open at Birmingham Airport

182 / 4

Black & Decker

Black & Decker trustees express disappointment at pension increase policy

214 / 2-3

Bombardier Aerospace

Bombardier Aerospace secures DB scheme

178 / 2

Boots

Boots scheme reaches agreement with KKR

207 / 3-4

 

Boots switches some pension fund assets out of bonds

177 / 4

BP

BP contribution holiday

213 / 2

 

Bringing pensions administration in-house puts BP back in the driving seat

191 / 7-11

 

BP takes administration in-house

178 / 2

BPB

BPB reorganisation leads to irrevocable guarantee for the pension scheme

204 / 4

 

Employee contribution rates are on the increase

183 / 2

Bradford & Bingley

Bradford & Bingley gives final salary scheme members choice

184 / 3-4

Britannia Building Society

Britannia allows staff to work to age 70

200 / 4

British Vita

Court upholds demand for higher contributions

207 / 7

Brunner Mond

Brunner Mond battles to retain defined benefit pension provision

185 / 5-9

BT

Breakdown of employer contributions at BT (IDS 2004 survey)

172 / 7

CAA

Employer contributions to defined benefit schemes rise sharply

192 / 6-11

Cable & Wireless

Flexible benefits

177 / 9

 

Combined Pension Forecasts introduced at Cable & Wireless and Aberdeen City Council

176 / 7-8

 

DC contribution structure at Cable & Wireless

173 / 6

Centrica

British Gas engineers vote to strike over pensions

191 / 2

 

The AA opens an average salary scheme

191 / 2-3

Cheney

Cheney receives final settlement from the PCB

182 / 2

Church of England

CofE seeks way forward for clergy pensions

200 / 3-4

 

Church of England streamlines administration

190 / 2

CIS

Co-operative Group plans to introduce an average salary scheme for all staff

192 / 3-4

Civil service

New civil servants offered membership of 'nuvos'

208 / 2-3

 

The review of public service pensions nears completion

204 / 6-9

 

The review of public sector pensions continues

193 / 9-11

 

Public sector pension schemes to retain pension age of 60 for current members

190 / 2-3

 

Government to reconsider changes to public sector pensions

184 / 2

 

Common themes emerge in public service pension reviews

182 / 10-11

 

Civil Service pension will be based on average salary

181 / 2-3

 

Civil service: average pension-in-payment (2003)

175 / 7

Clydesdale Bank

Bank staff vote for CARE scheme

194 / 2

 

Employees to be balloted on pensions changes at the Yorkshire and Clydesdale banks

192 / 3

Co-operative Bank

Co-operative Group plans to introduce an average salary scheme for all staff

192 / 3-4

 

Employee contribution rates are on the increase

183 / 2-3

 

Co-operative Bank introduces member contributions

176 / 1

Coats Holdings Ltd

Investment returns show DB schemes beating their benchmarks

205 / 7-11

Costain Group

Costain moves to an average salary design

200 / 2-3

 

Employee contribution rates are on the increase

183 / 3

CSC Computer Services Ltd

CSC Computer Sciences adapts scheme rules

203 / 3

Daily Mail

DMGT looks to merge its final salary schemes

212 / 3

 

Daily Mail members choose between higher contributions or reduced benefits

190 / 4

Dairy Crest

Dairy Crest closes final salary scheme to new entrants

197 / 2

De La Rue

De La Rue adjusts accrual rate in line with life expectance risk

207 / 2-3

 

Employee contribution rates are on the increase

183 / 3

Dixons

Changes made to DC and DB provisions at DSG

210 / 2-3

EDF Energy

EDF Energy launches new final salary scheme

171 / 7-8

Electricity Supply Pension Scheme (ESPS)

ESPS introduces DC

179 / 3-4

Element Six Ltd

Trustee training - scheme practice and attitudes

180 / 6-11

Emap

Emap transfers funds to Paternoster

211 / 5

Engineering Construction Industry

Engineering firms continue to move away from defined benefits

209 / 6-8

 

EEF supports personal accounts but calls for financial assistance for small firms

200 / 7-11

 

Engineering firms continue to turn to personal pensions

190 / 6-9

 

Engineering sector turns to personal pensions

179 / 9-12

Eni Lasmo

Lasmo transfers liabilities to Paternoster

212 / 2-3

Ernst & Young

Ernst & Young freezes scheme and targets replacement benefits

173 / 3

Exel

Exel opens DC section

171 / 5

Financial Services Authority (FSA)

FSA reduces deficit

207 / 2

 

FSA pays more to staff in its money purchase scheme

182 / 4

Firefighters

Tribunal must reconsider firefighters' claim

194 / 2

 

Proposals for new firefighters' pensions are published

189 / 2-3

 

Common themes emerge in public service pension reviews

182 / 10-11

 

Firefighters consulted on scheme changes

180 / 2-3

Ford

WCIF and NAPF challenge VAT on investment management services

216 / 2-3

 

Ford offers new employees a choice of pension funds

185 / 3

Foster Wheeler

Scheme deficit prompts employee contribution increase

172 / 4

Friends Provident

Friends Provident consults on closing final salary scheme to new members

197 / 3

G4S

G4S converts to GPP provision

209 / 3

Goodrich

Industrial action at Goodrich suspended

213 / 3

HBOS

HBOS introduces automatic enrolment

205 / 2

Heath Lambert

Heath Lambert enters PPF assessment period

187 / 2

Hoover Candy

Breakdown of employer contributions at Hoover 1987 scheme (IDS 2004 survey)

172 / 7

House of Fraser

Trustee training - scheme practice and attitudes

180 / 6-11

ICI

ICI hopes guarantee will reduce PPF levy liability

180 / 3

 

DC contribution structure at ICI

173 / 6

 

ICI money purchase scheme: automatic entry at maximum contribution rate

171 / 4

ICL

DC contribution structure at ICL

173 / 6

Ilford Imaging

Ilford appoints independent trustee

179 / 2

 

Ilford ends members' contribution holiday

173 / 3

Imerys

Workers at Imerys vote to hold a strike ballot over scheme changes

185 / 2

Imperial Tobacco

Imperial Tobacco adopts flexible retirement

214 / 2

Ineos

Pensions dispute at Ineos

215 / 3

Invensys

Invensys announces new funding plan

197 / 2-3

 

Invensys agrees to fund deficit over nine years

195 / 2

 

Breakdown of employer contributions at Invensys (IDS 2004 survey)

172 / 7

ITB

ITB launches website

178 / 2

ITV

ITV addresses funding deficit

191 / 2

Jaguar

Jaguar increases member contributions and introduces a DC option

181 / 3

Jardine Lloyd Thompson

JLT's scheme closes to future accrual

207 / 4

John Laing

John Laing increases employee contributions

182 / 2

John Lewis

Commutation is popular despite rates

181 / 6-9

John Menzies

Commutation is popular despite rates

181 / 6-9

Kemira GrowHow Ltd

Kemira GrowHow offers contribution and accrual rate choice

201 / 2

Kimberly-Clark

Kimberley-Clark adapts its scheme rules

215 / 3

Kingfisher

Kingfisher awards 130/30 mandate

209 / 2

 

Moving to DC did not reduce take up at Kingfisher

186 / 3-4

KPMG

Lords refused KPMG leave to appeal scheme ruling

193 / 2

 

Court rules that the KPMG Fund is not a money purchase scheme

188 / 3

 

KPMG to appeal High Court ruling

180 / 2

 

Court rules KPMG scheme provides defined benefits

178 / 2-3

Lister Petter

Engine workers face pensions loss

174 / 2

Lloyds TSB

Lloyds TSB funding plan

197 / 2

 

Commutation is popular despite rates

181 / 6-9

 

DC contribution structure at Lloyds TSB

173 / 6

Local Government

Further consultation on changes to the local governement pension scheme

207 / 5

 

GAD certificates

207 / 6

 

Government delays proposals for local government scheme changes

201 / 3

 

Local government unions suspend pension strikes

195 / 2

 

Common themes emerge in public service pension reviews

182 / 10-11

 

Local government consulted on scheme changes

180 / 2-3

 

Employee contribution rate to LGPS may be raised

171 / 2

Maersk

Maersk will meet full buy-out cost

171 / 5

Manganese Bronze Holdings

Cab maker contracts in to reduce deficit

172 / 1

Marconi

Regulator appoints independent trustees to GEC 1972 Plan

211 / 2-3

 

Marconi agrees to pay £185 million to fund its scheme deficit

190 / 3

Marks & Spencer

Marks & Spencer Keeps final salary scheme open

203 / 2

McDonald's

Breakdown of employer contributions at McDonald's (IDS 2004 survey)

172 / 8

Meat & Livestock Commission

Meat & Livestock Commission increases bond allocation

201 / 2

MFI Furniture Group

Trust document error could cost MFI £40 million

176 / 2

MG Rover

Rover Group transfers to PPF

205 / 4

 

MG Rover enters PPF assessment period

189 / 2

Michelin

Michelin to close to future accrual

213 / 2

 

Michelin closes to future accrual

206 / 2

Misys

Misys sees communications as key to a DC scheme

187 / 8-11

Mitchells & Butlers

Mitchells & Butlers review trustee composition

211 / 4-5

 

Focusing on defined contribution schemes

211 / 8-11

 

Mitchells & Butlers increases contributions to deal with a funding shortfall

192 / 2

Morgan Crucible

Morgan Crucible Buys out pensioner liabilities

214 / 3-4

Mothercare

Mothercare keeps DB pensions by switching to career average provision

177 / 3-4

NAPF

How will the 2012 pension reforms affect pension schemes?

213 / 10-11

 

NAPF publishes litigation guide

204 / 2

 

NAPF publishes 2005 survey

191 / 4

 

NAPF annual survey 2004

181 / 10-11

National Australia Group

Employees to be balloted on pensions changes at the Yorkshire and Clydesdale banks

192 / 3

Nationwide

Nationwide switches from average salary to GPP

211 / 3-4

 

Flexible benefits

177 / 6

Network Rail

Network Rail re-opens final salary scheme

178 / 2

 

Network Rail closes DB scheme

177 / 2

Newsquest

Call for industrial action at Newsquest

211 / 2

NHS

Proposals for NHS pension changes

212 / 3-4

 

NHS pension scheme review goes to consultation

198 / 3

 

Average salary proposed as an option for the NHS

182 / 2-3

 

Common themes emerge in public service pension reviews

182 / 10-11

Nissan

Nissan eliminates deficit

216 / 2

Northern Foods

Northern Foods opens a career average scheme

187 / 4

Nuclear Decommissioning Authority

Nuclear Decommissioning Authority proposes an industry-wide pension scheme

195 / 3

P&O

P&O offers cash incentive to transfer

216 / 3

 

P&O Pension Scheme benefits from special payments

202 / 2-3

 

Employee contribution rates are on the increase

183 / 3

PD Ports

PD joins list of buy-outs

216 / 3

 

PD Ports introduces GPP to give flexibility and simplicity

179 / 6-8

Pennon Group

Pennon Group introduces a new defined benefit section

206 / 3-4

Pension Corporation

Independent trustees report to GEC Plan members

215 / 2

Pilkington

Pilkington caps AVCs

202 / 2

Plumbing industry

Plumbing pensions

212 / 2

 

Employee contribution rates are on the increase

183 / 3

 

Plumbing scheme increases contributions for first time in 25 years

172 / 4

Police

Common themes emerge in public service pension reviews

182 / 10-11

PricewaterhouseCoopers

PwC upgrades its pensions administration system

180 / 2

Provident Financial

Employee contribution rates are on the increase

183 / 4

RAC

Participating employers withdraw from RAC scheme

204 / 3-4

 

Employee contribution rates are on the increase

183 / 4

Raflatac

Trustee training - scheme practice and attitudes

180 / 6-11

Railways

Changes to the Railways scheme proposed

213 / 2-3

 

Aslef calls off strike

211 / 2

 

Train drivers strike over pensions

210 / 2

 

Historic railway pensions transferred

209 / 2

 

The Railway Pensions Commission looks for alternative ways of providing for retirement

199 / 2

 

New Railways website launched

198 / 2

 

Railways appoints global custodians

196 / 2

 

Unions rally to protect the Railways Pension Scheme

194 / 2-3

 

Railpen invests £600 million in hedge funds

184 / 2-3

Rank Group

Assets of the Rank Pension Plan transferred to Goldman Sachs

214 / 3

Reed Elsevier

Reed Elsevier and Smith & Nephew carry out full commutation exercises

206 / 2-3

 

Employee contribution rates are on the increase

183 / 4

Renishaw

Renishaw ends future accrual

204 / 2

Rentokil Initial

Rentokil's trustees reverse asset allocation

197 / 3

Rexam

Rexam amends average salary scheme

214 / 4

 

Phantom pensioners identified

191 / 2

RHM

RHM freezes pensionable earnings to keep its final salary scheme open

187 / 2

 

RHM freezes pensionable earnings to keep its final salary scheme open

187 / 2-4

Rolls Royce

Rolls-Royce closes its remaining final salary schemes to new entrants

206 / 2

 

Rolls-Royce gives members personal guarantees

204 / 3

 

Unions accept Rolls Royce's revised proposals

171 / 3

Rosyth Dockyard

... but strick averted at Rosyth Dockyard

208 / 2

Royal Bank of Scotland

Royal Bank of Scotland closes its final salary scheme to new entrants

196 / 2

Royal London

Royal London double matches contributions to its GPP

189 / 3

Royal Mail

Unite ballot rejects Royal Mail's pension plans

216 / 2

 

Royal Mail pensions

210 / 2

 

Government agrees loan to Royal Mail

205 / 4

 

Royal Mail to consult on scheme closure

203 / 2

Royal & Sun Alliance

Royal & SunAlliance moves from final salary to average salary

188 / 2-3

 

Employee contribution rates are on the increase

183 / 4

Safeway

Safeway increases member contributions

172 / 4

Sainsburys

Trustees comment on withdrawal of bid for Sainsbury

211 / 5

 

Sainsburys changes mortality assumptions

208 / 4

 

Sainsburys announces changes to its DB schemes

194 / 3-4

 

Sainsbury's introduces SMART option for members' contributions

175 / 1-2

 

Sainsbury's improves its stakeholder scheme with increased life cover and matching contribution options

175 / 2

 

Sainsbury's publishes results of career average exercise

172 / 2

SCA Packaging

Business sale reduces deficit

215 / 2

Scottish Federation of Housing Associations

SFHA employers back DB approach

215 / 2

Scottish & Newcastle

S&N outsource administration

200 / 2

 

Scottish & Newcastle employees retain defined benefit option

193 / 2-3

 

S&N contracts in and integrates with S2P

173 / 1

Sea Containers

Regulator issues financial support direction on Sea Containers Ltd

207 / 2

 

Regulator issues financial support direction on Sea Containers Ltd

207 / 2

Securicor

G4S converts to GPP provision

209 / 3

 

Commutation is popular despite rates

181 / 6-9

Shell

Shell takes contribution holiday

210 / 3

 

Commutation payments reported by Shell (31/12/02)

175 / 8

 

Employee contributions resume at Shell

173 / 2

Siemens

Siemens proposes to close its final salary scheme to further accrual

211 / 2

Smith & Nephew

Trustee training - scheme practice and attitudes

180 / 6-11

Smiths Industries

Employee contribution rates are on the increase

183 / 4

Social Housing Pension Scheme (SHPS)

Social housing scheme shows funding improvements

209 / 2-3

Stagecoach

Stagecoach makes commutation compulsory

213 / 2

 

New trustee arrangements at stagecoach

206 / 2

 

Stagecoach raises employee contribution rates and introduces 3-year wait

172 / 4

Swissport

Swissport pensions deal

192 / 2

T&N

T&N administrators ask court for guidance on US restructuring plan

179 / 2-3

Tate & Lyle

Tate & Lyle introduces member contributions

214 / 2

Teachers

Teachers consulted on new pensions proposals

196 / 2-3

 

Common themes emerge in public service pension reviews

182 / 10-11

 

Teachers consulted on scheme changes

179 / 4

 

Teachers Pension Scheme: average pension-in-payment (2002/03)

175 / 7

 

Self-employed lecturer can challenge pension exclusion

172 / 3

Thames Water

Thames Water includes London Weighting in pensionable pay

198 / 2

Toshiba Information Systems UK

Toshiba provides access to pensions online

175 / 1

UK Paper

Employee contribution rates are on the increase

183 / 4

Unilever

Unilever moves to a mixed average salary and defined contribution design

205 / 3-4

 

Unilever extends outsourcing to active members

185 / 2

 

Members' contribution increase at Unilever

172 / 4

United Biscuits

United Biscuits moves to CARE scheme

214 / 7-9

Universities Superannuation Scheme (USS)

USS makes provision for underpaid pensions

191 / 3

 

USS sets out proposed changes in response to the new tax regime

186 / 2-3

 

USS shares its responsible investment manual

171 / 6

University of Birmingham

Flexible benefits

177 / 9

University of Leicester

University pays twice the staff rate into DC plan

173 / 2

University of Oxford

Contributions increase to safeguard scheme at Oxford

178 / 3

Viridian Group

Commutation is popular despite rates

181 / 6-9

Westland

Strike over pensions at AugustaWestland

208 / 2

WH Smith

WH Smith closes final salary scheme to future accrual

202 / 2

 

WH Smith asks members to contribute

174 / 1

 

Breakdown of employer contributions at WH Smith (IDS 2004 survey)

172 / 8

Wimpey

Breakdown of employer contributions at Wimpey (IDS 2004 survey)

172 / 8

WS Atkins

WS Atkins closes DB section to future accrual

204 / 2

 

Commutation is popular despite rates

181 / 6-9

Yorkshire Building Society

Commutation is popular despite rates

181 / 6-9

 

 

 

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