Phoenix IT Group has clashed in court with trustees of its closed defined benefit pension scheme over the date from which to equalise retirement ages for men and women.
The group argue that retirement ages should be equalised effective from 1997, while the trustees believe this should be calculated from 2005 - a change which could double the scheme's shortfall. ...
To continue reading this article...
Join Professional Pensions
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date
