BT Pension Scheme will offer a pension increase exchange (PIE) to around 120,000 pensioners over the coming year, PP can reveal.
Engineering firm Costain has seen the benefits of its incentive exercises wiped out as its deficit remained relatively unchanged, its final results show.
Concerns have been raised that the monitoring of incentive exercises will be based only on anecdotal evidence, whistleblowing and self-reporting.
Exclusive: Jack Jones looks at KPMG’s Member options survey 2012, which analyses developments in the liability transfer market
Jack Jones takes a look at the future of ETVs and PIEs
The Financial Reporting Council has brought actuarial work on pension incentive exercises into the scope of its technical actuarial standards.
A safe-haven forum to discuss incentive exercises is set to be launched in the wake of an industry code of conduct which outlawed the use of cash incentives.
Fewer schemes will carry out enhanced transfer value exercises following the introduction of a code of conduct and changes in how members are advised, says law firm Osborne Clarke.
Lorica Employee Benefits has launched a de-risking tool that allows members to see what value their defined benefit entitlements are worth in the annuity market.