Members of the BT Pension Scheme (BTPS) will have their defined benefit (DB) pensions protected following the separation of the Openreach business.
The deal comes after months of negotiations between BT, Openreach and Ofcom to deal with competitor concerns that BT was too dominant in the market. BT had previously argued 300,000 members' pensions...
Senior clinicians within the NHS Pension Scheme will receive extra assistance to adjust their pension accrual to fit within tax allowances.
The Pensions Regulator (TPR) chief executive Charles Counsell has warned scheme trustees could see an increased demand for cash equivalent transfer values (CETVs) from defined benefit (DB) members.
Costly DB scheme regulations can result in abuses of equitable relations among stakeholders, say Iain Clacher and Con Keating.
Almost three-quarters of FTSE 100 defined benefit (DB) pension schemes were in surplus on an accounting basis as the coronavirus crisis hit, according to Lane Clark & Peacock (LCP).
The Local Government Pension Scheme (LGPS) cut its deficit by £31bn over the course of three years, its latest annual report shows.