Trustees of the British Airways pension schemes have been accused of trying to grant "gratuitous" and "unearned" benefits to scheme members in opening statements of a landmark trial.
The case, which began at the High Court yesterday, centres on a discretionary 0.2% increase in benefits for the 2013/14 financial year granted by trustees of the Airways Pension Scheme (APS). This followed...
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.
Caroline Kurup explores the latest TPR guidance on superfund transfers and what scheme trustees should be considering
Pension scheme trustees and sponsors should only seek to transfer members’ benefits to a defined benefit (DB) consolidator if there is no “realistic prospect of buyout in the foreseeable future”, The Pensions Regulator (TPR) says.
Guy Opperman says two page, simpler statements as well as an annual ‘season’ in which to issue them could be transformative steps for the UK pensions industry