UNIONS remain unhappy with British Airways' revised pension proposals despite them being approved by trustees.
The airline says it will give all employees the option to retire at the age of 60 (instead of 65) in return for increased contribution rates – up from 5.25pc to 10pc and from 6.5pc to 11.25pc for air crew....
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.