Members of Prudential's defined benefit scheme had their challenge over the legality of discretionary benefit increases heard in the High Court over the past few weeks.
The dispute surrounds a policy change made by the insurer to its DB scheme in 2005 – which trustees were notified of in March 2006 – that capped discretionary increases in line with RPI, limited to 2.5%....
An unnamed London-based employer has been hit with a £350,000 fine from The Pensions Regulator (TPR) for failing to fully comply with its pension duties.
XPS Pensions has enhanced its fiduciary management selection service in order to help trustees through initial selection and mandatory re-tendering.
One in five defined benefit (DB) schemes are in The Pension Regulator's (TPR) weakest two categories, analysis by Hymans Robertson has revealed.
State Street Global Advisors (SSGA) has been selected as the first index manager for the Asset Management Exchange's (AMX) passive funds.