BT IS set to inject up to £2.8bn into its scheme after reaching agreement with trustees on the triennial funding valuation of the BT Pension Scheme.
The telecoms firm also announced that it had implemented a more conservative actuarial methodology – a move that meant that the scheme had moved from having a surplus to having a deficit of £3.4bn. ...
The top stories this week were the High Court's decision to block the £12bn annuity transfer from Prudential to Rothesay Life, and a separate court ruling that 'raises the bar' for pension rectification exercises.
Guaranteed minimum pension (GMP) equalisation has soared to the top of pension schemes' to-do lists, with 58% stating it is a priority project, research from Equiniti has revealed.
Professional Pensions is holding its defined contribution (DC) conference on 4 September.