UK - British Airways has warned its staff in a newsletter that on current valuations of its pension scheme they could expect only 60% of their pensions.
Current staff lose out because under current rules pensioners have priority claims on pension fund assets.
The BA pension fund had a deficit of £900m at the end of March 2003. BA is committed to pay an extra £105m a year over the next ten years to plug the gap.
Morgan Stanley Investment Management managing director Laura Bottega was recognised at the Women in Pensions Awards. She tells Stephanie Baxter what has been key to her success.
Businesses are experiencing auto-enrolment data error rates of up to 50%, posing questions over the reliability of pension records, Pensionsync says.
A nationwide survey of committee and local pension board members of the Local Government Pension Scheme has revealed high levels of confidence in all areas of their responsibility.