Prudential scrapped price inflation linked increases for its pensioners despite actuarial assurances that agreed additional funding would cover them, the scheme's retired manager claims.
Bernard Dawkins – who is campaigning to have the long-standing price inflation link reinstated – believes the financial services giant is covering up its decision to cut benefits. He said: “The additional...
Potential changes to accounting standards and increased pressure on companies to accelerate contributions could worsen FTSE 100 scheme funding by up to £100bn, according to Lane Clark and Peacock (LCP).
Smart Pension has taken on over 20,000 active members from the £20m Corpad Master Trust, following a strategic review by the ceding firm's trustees.
The Universities Superannuation Scheme (USS) allegedly obstructed a whistleblower as she tried to discover the true value of the deficit in its defined benefit (DB) section, according to reports.
The Cost Transparency Initiative (CTI) has launched a number of templates and guidance to help pension schemes deliver greater value for savers with enhanced disclosure of transaction cost information.