BRITISH Airways' pension deficit has increased by £101m despite strong equity markets and extra company contributions, figures show.
The deficit of the New Airways Pension Scheme under accounting rule IAS19 is now £2.1bn. The valuation coincided with the airline’s announcement its pre-tax profits reached £620m – up 21pc on last year....
Railways Pension Trustee Company chief executive Phil Willcock has quit the scheme after only 10 months to take up a position as head of AIG UK Life.
The Financial Conduct Authority (FCA) has launched a consultation on how to enable defined contribution (DC) savers to invest in patient capital via unit-linked funds.
The Pension Protection Fund has published its final levy rules for 2019/20 following a consultation launched in September.
The Competition and Markets Authority's (CMA) final report on the investment consultant market has been celebrated as having "real teeth" to produce better outcomes for members.