Mitchells & Butlers will introduce a salary cap of 2% to its defined benefit pension scheme in a bid to curtail increasing liabilities, its interim results reveal.
The company said the move would "assist in mitigating future pension liabilities" by capping how much of an employees' future pay rises would be pensionable. The pub group, which owns chains All Bar...
An innovative funding structure has been agreed for Croydon Pension Fund. However, there are some concerns about the arrangement. Stephanie Baxter reports
Some 52% of red flags raised by schemes on suspected scam pension transfers involve advisers or unregulated introducers, a report by the Pension Scams Industry Group (PSIG) has claimed.
The Norfolk Pension Fund has been successful as the lead plaintiff in a class action case that went to jury trial in California involving securities fraud.