Ford workers are to vote on plans to strike in protest at the car maker's intention to close its final salary pension scheme to new joiners.
Unite, which represents 2,500 Ford employees, said the move would be the "thin end of the wedge" and would lead to the ultimate closure of the scheme to future accrual. The union will send out ballot...
PTL has appointed Karein Davie as a client director in its Birmingham office.
The level of interest rate hedging increased to £29.5bn of liabilities in the second quarter as pension funds continued to de-risk, according to BMO Global Asset Management's research.
UK inflation has risen for the first time since November to 2.5% in July, up from 2.4% in June, thanks to rising fuel costs and the price of computer games.
The number of DB pension scheme trustees targeting a buyout with an insurer has increased significantly in the past five years, latest research from Willis Towers Watson shows.