UK - One of British Airways' two pension schemes has insured £1.3bn (US$1.9bn) of pensioner liabilities in a buy-in deal with Rothesay Life.
The insurance policy provides cover for some 20% of the pension payments due in respect of Airways Pension Scheme members already in receipt of pension benefits. The liabilities are covered by an insurance...
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 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.
The Family Building Society’s 250-member defined benefit (DB) scheme has transferred into TPT Retirement Solutions’ master trust, DB Complete.