The government of Prime Minister Margaret Thatcher made several major changes to the UK pensions system. Professional Pensions takes a look at some of the milestones.
1980 Social Security Act The 1980 Social Security Act saw the link between state pension increases and average earnings broken in a bid to cut spending. Had the earnings link not been abolished,...
Melrose has pledged to contribute up to £1bn to GKN's pension schemes as part of a final offer to acquire the engineering business.
Existing master trusts will be forced to pay £41,000 when applying for authorisation under the upcoming regime, the government has confirmed.
UPDATE 2 - DWP publishes DB white paper: Stronger powers for TPR, DB chair statements to be introduced
The Pensions Regulator (TPR) will be given the power to fine company bosses who deliberately puts their defined benefit (DB) schemes at risk, the government has confirmed.
An independent expert panel will be commissioned to review how the £6.1bn funding deficit figure for the Universities Superannuation Scheme (USS) was reached, Universities UK (UUK) has announced.