Tesco is consulting with staff on increasing the retirement age of its career average defined benefit (DB) scheme from 65 to 67.
The supermarket giant has proposed to increase the pension age age from 1 June this year, but will keep the scheme open. The scheme, which has 172,000 active members, could also switch from the more...
The secretary of state for work and pensions has told MPs clawback and avoidance measures could be imposed for the people responsible for driving Carillion over the cliff.
Occupational pension provision has continued to grow in value, but there remains large variance in incomes across the pensioner age group, according to latest government data.
Defined benefit (DB) schemes could have an aggregate surplus by 2021 under Pension Protection Fund (PPF) projections, its strategic plan for 2018 to 2021 reveals.
Investment consultants are failing to recommend products that outperform net of fees, the Competition and Markets Authority (CMA) has said as its investigation into the market continues.