Heathrow has unleashed a number of changes to its final salary scheme to reduce ongoing costs and deliver more affordable benefits to employees.
The changes, which apply to active members of the BAA scheme, include capping future increases to pensionable pay at 2%, and changing the accrual rate from 1/54th to 1/60th of pensionable pay. The airport...
The Unomedical Pension Plan has agreed to a £10m buyout of its 65 members’ liabilities with Aviva.
Chris DeMarco explains why the Covid-19 has increased opportunities for schemes to de-risk via bulk annuities.
Keen insurer pricing and streamlined services will lead to a surge in demand from smaller schemes to undertake bulk annuity transactions, Lane Clark & Peacock (LCP) predicts.
With bulk annuity markets becoming increasingly busy before Covid-19, James Geer looks at what steps trustees can take to improve their chances of transacting.
Senior clinicians within the NHS Pension Scheme will receive extra assistance to adjust their pension accrual to fit within tax allowances.