The Independent Democratic Union has accused the AA's private equity owners of "plundering" after it proposed capping pensionable salary increases at 1%.
According IDU national secretary Alistair MacLean, in November the AA gave the union just 60-days notice to cap pensionable salary increases at 1% a year, and to reduce the annual rise in pensions paid...
Kim Gubler says it is time that schemes and administrators reassess SLAs and look at what real people need from their pension schemes and when
The Pensions Regulator (TPR) is focusing on reducing the number of "poorly-run" schemes as it seeks to improve standards across the board.
Prudential Retirement has completed around $2.6bn (£2bn) of reinsurance contracts for UK pension scheme longevity risk since the start of the year, it has disclosed.
Funding standards for DB schemes have increased exponentially over the past decades. Con Keating says such significant overstatement of liabilities will lead to pushback through the courts.