Guarantees given in Civil Service Pensions member communications to link benefits to the Retail Prices Index were the result of bad drafting, the government admits.
The explanatory literature for the CSP Classic scheme stated members would receive an “index linked income” on retirement, explaining this meant benefits were “guaranteed to increase in line with inflation,...
The FCA and TPR have announced their joint strategy for tackling the key risks facing pensions in the next decade. Victoria Ticha explores the plan and the industry's initial reaction.
GKN has slammed Melrose for making 'misleading' comments relating to the engineering giant's two UK defined benefit (DB) schemes.
UK inflation fell to 2.7% in February 2018 from 3% a month earlier, the Office for National Statistics (ONS) has confirmed, a larger decline than analysts expected.
In the latest in a monthly series of DC columns from Newton Investment Management, Curt Custard warns investors of the possibility of further volatility in the months ahead