Accessibility helpSkip to navigationSkip to contentSkip to footer

Cookies on FT Sites

We use cookies and other data for a number of reasons, such as keeping FT Sites reliable and secure, personalising content and ads, providing social media features and to analyse how our Sites are used.

Accept cookies
Manage cookies
  • Sign In
  • Subscribe
Open side navigation menuOpen search bar
Financial Times
SubscribeSign InmyFT
  • Home
  • World
    Sections
    • World Home
    • Global Economy
    • UK
    • US
    • China
    • Africa
    • Asia Pacific
    • Emerging Markets
    • Europe
    • War in Ukraine
    • Americas
    • Middle East & North Africa
    • Australia & NZ
    Most Read
    • Russia admits Vladimir Putin pardoning convicts so they can join Wagner in Ukraine
    • South Africa’s support underscores Moscow’s propaganda success
    • Anatomy of a scandal: why Zelenskyy launched a corruption crackdown in Ukraine
    • Video shows deadly beating of Tyre Nichols by Memphis police
    • Top US air force general predicts China conflict in 2025
  • US
    Sections
    • US Home
    • US Economy
    • US Companies
    • US Politics & Policy
    Most Read
    • Companies
      Sections
      • Companies Home
      • Energy
      • Financials
      • Health
      • Industrials
      • Media
      • Professional Services
      • Retail & Consumer
      • Tech Sector
      • Telecoms
      • Transport
      Most Read
      • Adani sell-off hits $52bn after short seller targets group
      • Rolls-Royce’s new chief warns company is a ‘burning platform’
      • Goldman Sachs’s David Solomon takes near-30% pay cut to $25mn
      • India’s Gautam Adani: one of world’s richest men becomes a short seller’s target
      • Vanguard’s net inflows fall by half to $151bn
    • Tech
    • Markets
      Sections
      • Markets Home
      • Alphaville
      • Markets Data
      • Cryptofinance
      • Capital Markets
      • Commodities
      • Currencies
      • Equities
      • Fund Management
      • Trading
      • Moral Money
      • ETF Hub
      Most Read
      • Adani sell-off hits $52bn after short seller targets group
      • Live news updates from January 27: US consumer spending softens, Goldman’s CEO takes 30% pay cut
      • US dollar hits reverse gear as Fed cedes rate-rise ‘driver’s seat’
      • Smart money is still wary of the equity rally
      • Wall Street warns of riskiest US debt limit showdown since 2011
    • Climate
    • Opinion
      Sections
      • Opinion Home
      • Columnists
      • The FT View
      • The Big Read
      • Lex
      • Obituaries
      • Letters
      Most Read
      • Big Tech got the pandemic wrong but one company emerged on top
      • Smart money is still wary of the equity rally
      • Bye-bye massages and free food: Big Tech cuts back perks
      • Geography is (almost) everything
      • Create a freestyle kitchen with freestanding units
    • Work & Careers
      Sections
      • Work & Careers Home
      • Business School Rankings
      • Business Education
      • Entrepreneurship
      • Recruitment
      • Business Books
      • Business Travel
      Most Read
      • What to do if you hate your job
      • RSK’s Alan Ryder on how to manage rapid expansion
    • Life & Arts
      Sections
      • Life & Arts Home
      • Arts
      • Books
      • Food & Drink
      • FT Magazine
      • House & Home
      • Style
      • Travel
      • FT Globetrotter
      Most Read
      • How London’s property market became an inheritocracy
      • Russian radio host Alexei Venediktov: ‘We didn’t hear the sound of army boots marching’
      • India against Gandhi — a legacy rewritten
      • The 60-year, 4,000-mile journey home of Lumumba’s tooth
      • What the poet, playboy and prophet of bubbles can still teach us
    • HTSI
    MenuSearch
    • Home
    • World
    • US
    • Companies
    • Tech
    • Markets
    • Climate
    • Opinion
    • Work & Careers
    • Life & Arts
    • HTSI
    Financial Times
    SubscribeSign In

    Final salary schemes

    Add to myFT Digest

    Add this topic to your myFT Digest for news straight to your inbox

    • 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?

    • 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

    • 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

    • 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

    • 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

    • 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

    • 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

    • 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

    • 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

    • 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

    • 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

    • Wednesday, 28 September, 2022
      Pensions
      What does the bond rout mean for my pension?

      Fallout from UK chancellor’s mini-Budget spreads from property to retirement

    • Wednesday, 28 September, 2022
      Gilts
      The reason the BoE is buying long gilts: an LDI blow-up

      Pension plan plumbing problems forced the Bank’s hand

    • Monday, 25 July, 2022
      Universities Superannuation Scheme
      Pension chief bonus sparks union anger ahead of university strike ballot

      College staff condemn payment to Universities Superannuation Scheme boss after facing retirement benefits cuts

    • Wednesday, 20 July, 2022
      Financial Conduct Authority UK
      MPs call for review into UK regulator’s handling of pension mis-selling scandal

      Financial Conduct Authority ‘failed’ to protect British Steel Pension Scheme members from ‘unscrupulous advisers’, report finds

    • Friday, 1 July, 2022
      Pensions industry
      UK pension schemes confronted by growing liquidity strains

      Investment consultant Mercer warns more asset sales will be required to avoid disruption to long-term plans

    • Thursday, 23 June, 2022
      John Ralfe
      Collective pensions: there’s little protection in the crowd

      Policymakers would do better to focus on improvements to individual defined contribution schemes

    • Saturday, 18 June, 2022
      UK universities
      Universities accused of misleading claims over UK staff pension reforms

      Younger workers could lose up to £200,000 under benefits changes introduced in April, analysis shows

    • Friday, 13 May, 2022
      Pensions
      Inflation: managing the threat to your pension

      The divide deepens between defined benefit and defined contribution schemes

    • Monday, 25 April, 2022
      Pensions industry
      UK regulator invokes emergency powers to address steelworker pension scandal

      FCA issues order to stop advisers from offloading assets to avoid paying compensation

    • Thursday, 31 March, 2022
      UK mis-selling
      FCA’s redress scheme for steelworker pension mis-selling comes under fire

      Advocates describe regulator’s proposal as ‘compensation on the cheap’

    • Friday, 18 March, 2022
      Pension transfers decline as advisers back away

      Number of IFAs permitted to give transfer advice has more than halved in the past four years

    • Thursday, 10 March, 2022
      Pensions
      Pension transfer costs soar after 60% of advisers quit

      Advice is a legal requirement for those transferring more than £30,000

    Previous page You are on page 1 Next page

    Useful links

    Support

    View Site TipsHelp CentreContact UsAbout UsAccessibilitymyFT TourCareers

    Legal & Privacy

    Terms & ConditionsPrivacy PolicyCookiesCopyrightSlavery Statement & Policies

    Services

    Share News Tips SecurelyIndividual SubscriptionsGroup SubscriptionsRepublishingExecutive Job SearchAdvertise with the FTFollow the FT on TwitterFT ChannelsSecondary Schools

    Tools

    PortfolioToday's Newspaper (ePaper)Alerts HubBusiness School RankingsEnterprise ToolsNews feedNewslettersCurrency Converter

    Community & Events

    FT CommunityFT Live EventsFT ForumsFT Board DirectorBoard Director Programme

    More from the FT Group

    Markets data delayed by at least 15 minutes. © THE FINANCIAL TIMES LTD 2023. FT and ‘Financial Times’ are trademarks of The Financial Times Ltd.
    The Financial Times and its journalism are subject to a self-regulation regime under the FT Editorial Code of Practice.
    Financial Times

    International Edition

    Subscribe for full access
    • Switch to UK Edition
    • Top sections
    • Home
    • World
      • Global Economy
      • UK
      • US
      • China
      • Africa
      • Asia Pacific
      • Emerging Markets
      • Europe
      • War in Ukraine
      • Americas
      • Middle East & North Africa
      • Australia & NZ
    • US
      • US Economy
      • US Companies
      • US Politics & Policy
    • Companies
      • Energy
      • Financials
      • Health
      • Industrials
      • Media
      • Professional Services
      • Retail & Consumer
      • Tech Sector
      • Telecoms
      • Transport
    • Tech
    • Markets
      • Alphaville
      • Markets Data
      • Cryptofinance
      • Capital Markets
      • Commodities
      • Currencies
      • Equities
      • Fund Management
      • Trading
      • Moral Money
      • ETF Hub
    • Climate
    • Opinion
      • Columnists
      • The FT View
      • The Big Read
      • Lex
      • Obituaries
      • Letters
    • Work & Careers
      • Business School Rankings
      • Business Education
      • Entrepreneurship
      • Recruitment
      • Business Books
      • Business Travel
    • Life & Arts
      • Arts
      • Books
      • Food & Drink
      • FT Magazine
      • House & Home
      • Style
      • Travel
      • FT Globetrotter
    • Personal Finance
      • Property & Mortgages
      • Investments
      • Pensions
      • Tax
      • Banking & Savings
      • Advice & Comment
      • Next Act
    • HTSI
    • Special Reports
    • FT recommends
    • Lex
    • Alphaville
    • Lunch with the FT
    • FT Globetrotter
    • #techAsia
    • Moral Money
    • FTfm
    • Newsletters
    • Video
    • Podcasts
    • News feed
    • FT Live Events
    • FT Forums
    • Board Director Programme
    • myFT
    • Portfolio
    • Today's Newspaper (ePaper)
    • Crossword
    • Our Apps
    • Help Centre
    • Subscribe
    • Sign In