Ford Motor Company has offered retired members of its US defined benefit pension scheme lump sum payments in order to reduce its liabilities, according to reports.
The news comes after Ford announced its plans to close the UK defined benefit scheme to new employees, prompting threats of strike action from Ford workers who are members of Unite (PP Online, 26 April)....
This week's edition of Professional Pensions is out now.
Ben Gunnee reflects on 2018 and talks about the Fiduciary Management trends to keep an eye on in 2019
Lloyds Banking Group secured 630,000 new pension customers last year, according to its 2018 annual results.
Guy Opperman has rejected calls to speed up changes to auto-enrolment (AE) despite increasing pressure to boost contribution rates and overall savings pots.