Royal Mail has started a formal consultation process on closing its "unaffordable" defined benefit (DB) scheme to future accrual from April 2018.
The plan, which was first announced in August last year, could affect around 90,000 employees. The scheme reported a surplus of £1.77bn on an IAS 19 accounting basis as of 31 March 2016, with assets...
The Consumer Price Index (CPI) rose to 1.6% in December on the back of falls in sterling following the Brexit vote, its highest level in two years.
This week we want to know what is the hardest type of pension fraud to stop and what action would best tackle it.
Punter Southall has promoted Guy Plater, Martin Hunter and Mark Poyner to principal after demand for its actuarial and investment consulting grew.
Zurich has completed a £300m longevity hedge swap with an undisclosed pension scheme of a small firm, marking its fifth such deal in 13 months.