Iberia to merge with BA despite £3.7bn deficit concerns
Iberia will merge with British Airways after the Spanish airline's board of directors gave the green light to its 16-year deficit recovery plan.
Under the terms of the deal - reached in November last year (PP Online, 13 November) - Iberia was entitled to terminate the merger if the outcome of discussions between BA and its pension trustees was...
More on Defined Benefit
Two-in-three DB sponsors issue profit warnings in 2020
“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.
Justin Corliss: Making the case for partial DB transfers
Half-way house
A Covid-19 tax relief raid could exacerbate generational pensions divide
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 told to step up as FCA contingent charging ban takes effect
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.
Family Building Society DB scheme moves into TPT master trust
The Family Building Society’s 250-member defined benefit (DB) scheme has transferred into TPT Retirement Solutions’ master trust, DB Complete.
