Trustees of the Airways Pension Scheme have been forced to put on hold a discretionary increase in payments after British Airways launched legal proceedings to block the move.
In a letter to members, APS Trustees chairman Paul Spencer said the scheme had decided to pay a 0.2% increase with effect from December this year. But it said British Airways had not accepted this decision...
UK pension schemes are working hard to counter climate risks across investment portfolios, but the assessment of climate risks to sponsor covenant must be a key focus of schemes’ broader risk assessment, says Michael Bushnell.
Only one third of defined benefit (DB) schemes lengthened their recovery plan end dates in 2019, according to research by Hymans Robertson.
Hargreaves Lansdown has been named as the slowest provider to switch pensions through the Origo transfer service.
Regulatory guidance “could set too high a hurdle” for superfunds, Lane Clark and Peacock (LCP) warns.
Around one in 25 pension schemes have made use of regulatory easements to deficit recovery contribution (DRC) payment schedules, according to The Pensions Regulator (TPR).