Longevity risk fears are spiking for defined benefit pension schemes, as surging life expectancy puts pressure on scheme funding strategies, a survey shows.
Concerns over increasing longevity have shot up over the past year, with 38% of DB trustees and scheme sponsors now saying longer lives were an important concern compared with just 28% a year ago. The...
Coats' pension scheme members are not entitled to annual increases of 5%, the High Court has ruled in a rare instance of a court overturning a decision of The Pensions Ombudsman.
Trustees of the Airways Pension Scheme (APS) have been granted permission to use more than £1m of scheme assets to fund an appeal over discretionary increases.
Chancellor Philip Hammond is being pressed to tackle the impact of pensions allowances on the NHS' ability to recruit and retain staff.