Former employees of Lloyds TSB are challenging the company's decision to cap increases in pensionable pay in a dispute that could end up in the High Court.
The two scheme members have made formal complaints to the trustee over the changes - which restricted increases to the lowest of Retail Prices Index inflation, the actual pay increase or 2%. And...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
