BT fails in legal challenge to reduce pension benefits
This telecoms giant had been looking to substitute its current measure - the Retail Prices Index (RPI) - with the Consumer Prices Index (CPI), which typically increases at a slower rate. It...
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FTSE 350 pension schemes move back into surplus
In total 44 per cent of scheme are now in surplus, and 90 per cent of companies could pay off their IAS19 deficit with less than six months earnings. However it is...
Thousands check pensions after ScamSmart campaign
More than 173,000 people have sought information about pensions scams, since a joint initiative was launched by the Financial Conduct Authority and The Pensions Regulator this summer. This is a five-fold increase...
Government gives go-ahead to pensions dashboard
The industry has welcomed the long-awaited publication of the feasibility study for the pensions dashboard. This study was published today by the Department of Work and Pensions, after a delay of almost...
TPR orders utility company to boost pension payments
The Pensions Regulator has ordered Southern Water to pay £50m more into its pension, following an investigation. TPR took action after over what it described as an imbalance between the funds contributed...
DB pension transfers soar by 567pc
The number defined benefit pension scheme transfers has risen by a staggering 567 per cent, since the introduction of pension freedoms. According to the Financial Conduct Authority, in the six months to...
Companies to offer more flexible pension options
The number of companies offering more flexible pension choices is expected to triple within the next three years. Willis Towers Watson’s latest pension strategy survey found that just 9 per cent of...
TPT appoints new business development manager
TPT Retirement Solutions has appointed Alan Redwood as business development manager. Redwood’s role will focus on promoting the company products - including its DB Complete solution - to sponsors and trustees of...
Court ruling blocks final salary pension transfers
Some final salary transfers have been put on hold after a high court rules that Lloyds Banking Group pension scheme must equalise the Guaranteed Minimum Pensions of men and women. These GMPs were...
Pension transparency body launched
The newly launched Cost Transparency Initiative will work on implementing, promoting and encouraging the use of new cost transparency templates across the pensions and investment industries. The templates are designed to allow...
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