The Airways Pension Scheme (APS) trustees needed to take a tactical approach to funding negotiations to pay Retail Price Index-linked (RPI) increases, their former legal adviser Anthony Arter has said.
Giving evidence on 17 November, the current pensions ombudsman said the trustees had to consider linking the funding schedule with their aspiration to pay members RPI increases. British Airways (BA)...
The Pension Regulator’s (TPR) strengthened powers under the Pension Schemes Bill could lead to a revival of its clearance process, according to advisers and lawyers.
The long-debated Pension Schemes Bill has received parliamentary approval, guaranteeing its place on the statute book.
Some £20.1bn of defined benefit (DB) pensions were advised to transfer between 2018 and 2020, while £10.2bn were recommended not to transfer, Financial Conduct Authority (FCA) data reveals.
Pension trustees will have much more involvement in business discussions and corporates will need to think more about pensions when the watchdog’s increased powers come into force, LCP says.
Mediation has been under-utilised historically as a means of dispute resolution in this area. Mark Blyth and Geoff Egerton think this is going to change.