Unions are threatening a "major industrial dispute" if planned changes to the Universities Superannuation scheme go ahead.
The University and College Union will ballot members on strike action on 25 November. It comes in response to USS’s plans to switch to a career average revaluated earnings arrangement for new entrants....
More needs to be done to speed up DB to DC transfers but, as Jonathan Stapleton says, more also needs to be done to protect members.
The Pensions Ombudsman (TPO) took on 2,566 early resolution cases in 2018/19 after onboarding a team from The Pensions Advisory Service (TPAS), according to its annual report and accounts.
The lifeboat fund is in a good position despite reserves taking a £0.6bn hit. But the ramifications of the EU judgment on member compensation is an area of concern for CEO Oliver Morley, writes Stephanie Baxter