The vast majority of Airways Pension Scheme members believe BA trustees should hard-wire Retail Prices Index benefit increases into scheme rules, an official ballot shows.
Concerned members also overwhelmingly backed a call for a legal review of the scheme governance of APS between 1983 and 2001, which covers the privatisation of British Airways and consequential amendments...
“Mounting red flags of financial stress” have meant almost two-thirds of listed companies with defined benefit (DB) schemes have issued profit warnings this year, EY says.
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.