BT has reassured members it will not close its defined benefit pension scheme to existing members, the Communication Workers Union says.
The unions said it wrote to BT in May after the company told members it intended to review the BT Pension Scheme – asserting it would not accept the closure of the scheme and the future pension benefits...
PTL has appointed Karein Davie as a client director in its Birmingham office.
The level of interest rate hedging increased to £29.5bn of liabilities in the second quarter as pension funds continued to de-risk, according to BMO Global Asset Management's research.
UK inflation has risen for the first time since November to 2.5% in July, up from 2.4% in June, thanks to rising fuel costs and the price of computer games.
The number of DB pension scheme trustees targeting a buyout with an insurer has increased significantly in the past five years, latest research from Willis Towers Watson shows.