Royal Mail and Post Office workers part of the Unite union have overwhelmingly voted against a planned cap on pensionable pay increases.
Earlier this year, Royal Mail set out its plans to cap pensionable pay increases at the retail prices index (RPI) or 5% regardless of any salary increases (PP Online, 31 May). The move would affect...
A number of pension schemes have been prompted to lock in gains with a move into bonds after the estimated deficit across FTSE 100 DB pension schemes improved by £36bn, over the 12 months ending 30 June last year, JLT Employment Benefits found.
HM Treasury has agreed in principle to give NEST a £329m contingent liability guarantee in the event of the master trust's wind up or closure.
AMP Capital has set up a dedicated team to help institutional investors, including pension funds, invest in infrastructure through direct equity allocations.