Henry Boot shaved £10m to £12m off its pension liabilities last year through an enhanced transfer value exercise and switching to RPI indexation, results show.
The move to CPI for pension indexation will reduce defined benefit liabilities by about £60bn by the end of the year, KPMG says.
A ruling that trustees have relied on to unwind decisions without formal rectification since 1975 has been swept away by the Court of Appeal.
Taxes will have to rise by more than £82bn a year to cover the pension, healthcare and benefits bill of the ‘baby boomer' generation, a report says.
Andrew Tully has left his position as Standard Life senior pensions policy manager to join MGM Advantage.
Unions warn of mass strikes over pensions reform; Vital pensions questions unanswered; High-wire act fails to balance public and private; Hutton pension reforms could ‘light the blue touch paper' for a wave of industrial action; Now civil servants and...
The £2.2bn Universities Superannuation Scheme has appointed Tim Coffin as its environmental manager.
The government is asking "the entirely wrong questions" on defined contribution regulatory arbitrage, delegates heard.