UK - Unions are gearing up for a battle to keep Birmingham Airport's final salary scheme open.
Airport bosses want to axe the scheme from April 1 in favour of a cheaper defined contribution option.
Unions fear the closure of the scheme will create a divided workforce and jeopardise the long-term viability of the scheme for some 600 current employees.
Transport & General Workers’ Union warned of industrial action during talks with the airport’s finance chief, Joe Kelly.
Pension freedoms could generate as much as £1.9bn a year in tax revenue for the next 10 years, according to research by the Pensions Policy Institute (PPI).
The Pension Protection Fund (PPF) has conceded it does not have "all the data we need to calculate" the impact of last month's ruling that some benefits may be unlawful.
A looming court decision on gender equalisation of pension schemes could hit FTSE 100 profits by up to £15bn, Lane Clark and Peacock (LCP) says.
Dutch custodian KAS Bank has created a fintech solution to help schemes save on costs and improve transparency of currency hedging strategies.