UK - Pension arrangements for members of the armed forces are to be overhauled to bring them in line with the "modern world", the government says.
The measures, announced in the Queen’s Speech, will see the government extend death-in-service benefits to all unmarried partners, provided that the relationship is a “substantial arrangement”.
Additionally, pensions for members of the armed services remain non-contributory and linked to final salary.
A suite of liability driven investment (LDI) indices has been launched by STOXX and RiskFirst to aid trustees and consultants select, monitor and challenge managers.
British Airways and the trustees of one of its pension schemes are set to argue over the purpose of a pension scheme, leading to an impactful judgment for DB pensions. James Phillips explores the issue
Bank of England governor Mark Carney has said there is still a lot of data to consider before the Monetary Policy Committee (MPC) can decide when to next hike interest rates.
Savers are not squandering their tax-free lump sums under Freedom and Choice but are taking a more cautious approach to retirement, according to Prudential research.