Banking group HBOS paid £800m into its defined benefit pension scheme last year to slash its deficit, preliminary results show.
The bank, formed by the merger of Halifax and the Bank of Scotland, reported a 19pc rise in annual pre-tax profit and the reduction of its DB scheme deficit to £0.9bn. The deficit stood at £1.8bn at...
Guy Opperman has indicated his support for a fresh pensions commission as the government seeks to understand how to progress pensions policy in a wide range of areas.
Auto-enrolment (AE) minimum contribution rates could rise to 12% by 2030, with a 50/50 split between employer and employee, the Pensions and Lifetime Savings Association (PLSA) says.
ITM director Maurice Titley looks at the next steps schemes should take on GMP equalisation.
Schemes are too focused on outcomes when assessing governance, when this may be a result of circumstance not skill. James Phillips looks at whether governance needs more of a framework.