Final salary members could see 4% slashed from their benefits after the Bank of England used miscalculated inflation rates for more than a decade, experts say.
The BoE last week admitted it had underestimated clothing prices used to determine inflation by 5.5% between 1997 and 2009, meaning the consumer price index rate should have been 0.3% higher than published....
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.