Amec has closed its career average revalued earnings schemes to new members and offered cash lump sum settlements despite its principal scheme being in surplus, its full-year results show.
The engineering firm's main scheme saw its surplus more than double to £86m from £32m a year earlier, calculated on an IAS19 basis. It was accredited to better than expected return on assets and achieved...
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.
Accountant Hashmukh Shah has pleaded guilty to deliberately providing false information to The Pensions Regulator (TPR) when stating a pension scheme had been set up for staff of a London-based restaurant.