UK - Amicus stewards at British Airways have today voted to recommend the revised pension proposals made by the airline, as a £150m strike threat by cabin crew hangs in the balance.
The union’s national officer, Brian Boyd, said: “Amicus has taken a realistic approach to the pensions deficit. Having considered all aspects of the proposals we have, under the current circumstances,...
UK - Government plans to cut a subsidy boosting the appeal of solar panel infrastructure investments could scupper scheme plans to use these investments as part of their liability matching strategies, fund managers say.
UK - Aegon is to close its defined benefit pension scheme to future accrual in March 2013 as part of its restructure and cost saving programme.
UK - The Pension Protection Fund has published its annual report - revealing a surplus of £678m ($1.1bn) at 31 March.
UK - Schemes looking to maximise returns in a low interest rate environment must work closely with investment banks to boost member outcomes, Barclays chief executive Bob Diamond says.
UK -More than 40% of firms have closed or are in the process of closing their defined benefit pension schemes, latest research from Aon Hewitt shows.