Lloyds/HBOS secure combined £1.4bn scheme savings
Part-nationalised banking group Lloyds and its subsidiary HBOS recouped a combined £1.44bn through changes to pension arrangements this year.
In the first half of 2010 - following a review of its total reward package (PP Online, 27 July 2009) - the bailed-out banks implemented cost-saving measures in an attempt to slash deficits and save taxpayer...
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A Covid-19 tax relief raid could exacerbate generational pensions divide
With rumours once again swirling around the future of pensions tax relief in the run up to this year's Budget, any reduced incentive for long-term savers could risk further exacerbating the generational divide in pensions, says Tom Selby
Trustees told to step up as FCA contingent charging ban takes effect
Trustees are set to have an increased duty of care to ensure employees and members make informed choices when accessing their pension, according to Wealth At Work.
Family Building Society DB scheme moves into TPT master trust
The Family Building Society’s 250-member defined benefit (DB) scheme has transferred into TPT Retirement Solutions’ master trust, DB Complete.
Extra employer rooted in botanical scheme following TPR intervention
A second employer has been appointed to stabilise the National Institute of Agricultural Botany (NIAB) pension scheme after intervention from The Pensions Regulator (TPR) when trustees failed to agree a valuation in 2015.
