Government policy on future pension increases has led directly to the resignation of three Airways Pension Scheme trustees, Cliff Pocock says.
The former BA scheme trustee – who quit along with Graham Tomlin last week – said government policy had left trustees open to legal challenges over whether or not they decide to exercise their amendment...
Partner Insight: Members' evolving needs and expectations are driving changes in scheme administration. As the pensions landscape inevitably continues to change, how will your scheme's approach need to develop to keep pace?
The Pensions Regulator (TPR) is "working closely" with government contractor Interserve and the trustees of its defined benefit (DB) pension schemes, it has confirmed.
The industry has welcomed the Department for Work and Pensions' (DWP) consultation on defined benefit (DB) consolidation as a way to address scheme covenant issues.
BMO Global Asset Management has opened a UK fiduciary management business, promising a "truly open architecture" approach to deliver "better client outcomes".