British Midland Airways' pension scheme is poised to entered into Pension Protection Fund assessment after the parent company Lufthansa agreed to sell the struggling airline to International Airlines Group.
The Pensions Regulator has approved the deal after blocking a previous proposal which would have seen liabilities from the scheme remain with the Lufthansa group after the disposal. Under the agreement...
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Royal London saw its new group pension business decline over the first half of 2018 as the rollout of auto-enrolment (AE) drew to a close, according to its interim results.
Now Pensions has made "huge progress" in resolving legacy administration issues - switching systems and completing unit adjustment for a "large proportion" of members, it says.
Trustees of the Airways Pension Scheme (APS) will not make a firm decision on whether to appeal the Court of Appeal's judgment on discretionary increase payments until September.