Trustees should check that annuity providers will not alter existing quotes after the European Court of Justice's judgment in the Test-Achats case, a law firm says.
Squire Sanders Hammonds said in cases where annuity quotes have already been obtained trustees should confirm that these will not change after 21 December next year when insurers will no longer be able...
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.