The misinterpretation of scheme rules led to a member being forced into voluntary redundancy and missing out on his valid ill-health pension entitlement.
The scheme member – who suffered from obstructive sleep apnoea – complained to the pensions ombudsman and had his case against BVT Surface Fleet upheld. In M Lloyd v BVT Surface Fleet Lloyd agreed to...
Grant Thornton has launched an integrated risk management (IRM) software tool to support clients in better understanding defined benefit (DB) scheme funding options and their associated risks.
British Airways (BA) has pledged an extra £150m in annual deficit recovery contributions (DRCs) to the New Airways Pension Scheme (NAPS) over the next four years.
Cashflow driven investment strategies can provide a greater certainty of outcome, while also enhancing a scheme's risk management framework, says Schroders' head of fiduciary management Hannah Simons
The average annual pension withdrawal rate jumped more than one percentage point between 2016/17 and 2017/18, according to the latest data from the Financial Conduct Authority (FCA).
The risk profiles of many default defined contribution (DC) master trusts need an overhaul as they are mishandling risk, according to Hymans Robertson.