Allowing the British Steel scheme to ditch RPI for statutory minimum levels could lead to big losses for older members and create a loophole for other DB schemes, writes Stephanie Baxter.
At a glance Moving from RPI to statutory minimum indexation could cut liabilities by £4bn Retirees with pre-1997 service could see pensions completely or largely frozen Plans to allow the...
The secretary of state for work and pensions has told MPs clawback and avoidance measures could be imposed for the people responsible for driving Carillion over the cliff.
Occupational pension provision has continued to grow in value, but there remains large variance in incomes across the pensioner age group, according to latest government data.
Defined benefit (DB) schemes could have an aggregate surplus by 2021 under Pension Protection Fund (PPF) projections, its strategic plan for 2018 to 2021 reveals.
Investment consultants are failing to recommend products that outperform net of fees, the Competition and Markets Authority (CMA) has said as its investigation into the market continues.