The High Court has ruled IBM does not have a 'duty of good faith' to allow deferred members to claim unreduced pensions between 60 and 63.
IBM warned in its submissions to the court that granting deferred members the same right would cost a further £175m to £240m. The ruling comes after the computing giant lost a £100m rectification case...
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This week's top stories included Cardano announcing plans to acquire Now Pensions from a Dutch pension fund later this year.
Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.