BAE SYSTEMS will make a one-off contribution of nearly £1.1bn under a series of measures to tackle its £3.1bn pensions deficit.
It is also thought to be the first large UK company to link retirement age with life expectancy – a move that is expected to reduce its deficit by £166m. As an example, group finance director George Rose...
University College Union (UCU) and Universities UK have appointed Joanne Segars to chair the joint expert panel to examine the valuation of the Universities Superannuation Scheme (USS).
The Pensions Regulator (TPR) was right to use its powers to seek financial support from ITV for members of the Box Clever pension scheme, the Upper Tribunal has said.
All 6,000 UK schemes had a surplus of £361bn by the end of last month when calculated under a best estimate return on their assets, according to First Actuarial.
Research highlights confusion about where responsibility to support members on transfers lies. Kim Kaveh looks at the key findings.