Pensions for British Airways' bosses should be capped at £50,000 a year to help plug the £2.1bn deficit, unions claim.
The GMB union, which represents ground staff, called for the cap at a meeting to discuss ways to resolve the shortfall. The three-year actuarial valuation for the New Airways Pension Scheme has risen...
A number of pension schemes have been prompted to lock in gains with a move into bonds after the estimated deficit across FTSE 100 DB pension schemes improved by £36bn, over the 12 months ending 30 June last year, JLT Employment Benefits found.
HM Treasury has agreed in principle to give NEST a £329m contingent liability guarantee in the event of the master trust's wind up or closure.
AMP Capital has set up a dedicated team to help institutional investors, including pension funds, invest in infrastructure through direct equity allocations.