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...
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...
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...
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...
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...
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...
The Pensions Regulator has secured a conviction against the chief executive of a leading packaging company, for refusing to divulge relevant information. Thomas Christopher Wrigley, who was both the chief executive and...
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...
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...
The research, published by the Financial Services Compensation Scheme, says pension providers would see “reputational benefits” from promoting these protection measures more prominently. The research, undertaken by Populus, found t 29 per...
Launching the consultation, minister for Pensions Guy Opperman says CDC schemes ‘provide more choice and flexibility for scheme members’. The DWP says CDC arrangements ‘lead to more stable pension incomes, at lower...