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...
This week's top stories included Cardano announcing plans to acquire Now Pensions from a Dutch pension fund later this year.
Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.
Malcolm Mclean says getting the channels of communication right and engaging more openly is a good starting point